The Personal Finance Society (PFS), a professional body for Financial Planners, has launched a new competency diagnostic tool to help firms identify training opportunities relating to Consumer Duty knowledge gaps.

The FCA has secured a bankruptcy order against father and son directors of a collapsed SIPP introducer who failed to pay back £10.7m in restitution to clients.

Annuity sales soared 46% in 2023 to £5.2bn but only a minority of people took advice before buying one, according to ABI data out today.

Seven out of 10 Claims Management Companies (CMCs) contacted by the FCA in a recent intervention have halted unregulated claims activity.

Pollen Street Capital, the private equity owner of wealth manager and Financial Planner Kingswood, has greenlighted a new £8m unsecured debt facility for the business.

The FSCS has declared nine financial services firms in default during December and January, including several financial advisers.

New research suggests millions of older pension savers have little idea about what the State Pension is worth - with 40% of 55 to 64-year-olds in the dark about their State Pension forecast.

The Treasury has written to the FCA and other regulators asking them to disclose their strategies on Artificial Intelligence (AI) regulation.

The FCA is to quiz the 20 biggest advice firms about their ongoing advice fees and how they are monitoring implementation of the Consumer Duty.

Virgin Money is to buy Abrdn’s 50% stake in their joint venture called Virgin Money Investments.