The Financial Services Compensation Scheme has declared Cardiff-based pension firm The London Trading Company (UK) Ltd (FRN: 678985) in default.

Pensions and SIPP provider @SIPP has announced the death of its founder and chairman Colin Barral at the age of 64.

Wealth manager JM Finn has relocated its Yorkshire office after 20 years in Leeds to York to allow expansion as the team grows.

Wealth manager and Financial Planner Evelyn Partners has appointed Caroline Jarvis Gee as its new head of charity business development.

Adviser support network SimplyBiz has launched an online interactive ‘Horizon Scanner’, which it said is designed to keep firms up to date with the regulatory activities happening in 2023. 

Savings and retirement provider Phoenix Group saw assets under administration (AUA) fall 16% to £259bn last year from £310bn in 2021, after it made a pre-tax loss of £1.8bn.

Advisers are more frequently recommending onshore open-architecture bonds, annuities and more sophisticated investment products.

Quilter has warned that more than 1.1m taxpayers could be dragged into higher rate tax bands by 2027.

Platform Transact has embargoed staff leave for several weeks to cope with the end of tax year rush.

The FCA will begin invoicing for the Treasury’s new Anti-Money Laundering levy from July, with some large firms expected to pay £250,000 per annum.