A legal challenge against the Financial Conduct Authority’s decision to set up a redress scheme for former British Steel Pension Scheme (BSPS) members has been scrapped.

West Country Financial Planning firm Old Mill has handed £50,000 to local good causes through its charitable fund which has awarded 40 grants and supported more than 4,000 people across Somerset, Devon and Wiltshire in three years.

People who switch from full-time to working part-time three days a week face a pension penalty of up to £119,000, according to new research.

The North East is the cheapest place to be a pensioner with over-65s needing an annual income of £14,782 to cover spending, according to a new survey.

More than 500 doctors have unnecessarily paid more than £17.7m in Lifetime Allowance (LTA) charges, according to new research.

The raft of pension changes announced by the Chancellor in the March Budget has fuelled an increase in enquiries from clients, according to new research.

The Financial Conduct Authority will host an international forum designed to develop tools to tackle the rising tide of greenwashing in financial services.

UK investors moved £409m into funds in February as ISA savers continued to commit to long-term investing, according to the fund sector's trade body.

The Financial Planning Standards Board (FPSB), the global Financial Planning professional body, has appointed a new chair and board leaders to support worldwide professional standards in Financial Planning.

The Financial Services Compensation Scheme has declared in default advice firm Salford-based SQ Wealth, which formerly traded as Quays Wealth Management (FRN: 707844).