Wealth manager trade body PIMFA has called on the Government to extend the remit of a new bill going through Parliament to tackle a surge in online scams.

The FSCS has appointed eight law firms to form its second legal panel, following what it called “a rigorous six-month procurement exercise.”

Law firms are increasingly seeing a switch to demand for advice on later life planning with two thirds reporting a rise in inquiries, new research has revealed.

Four out of ten law firms are failing to form partnerships with financial advisers including Financial Planners – despite lacking know-how to deal with a flood of retirement-related client enquiries.