The Financial Services Compensation Scheme has declared in default its fifth adviser firm this month.

There has been a sharp rise in the percentage of pension savers accessing their defined contribution (DC) pension pots without advice, according to new analysis.

The Department for Work and Pensions has so far paid out a total of £209.3m for 31,817 cases of people, mainly women, being underpaid the State Pension.

The Government has confirmed that the new State Pension will rise from April by £18.70 from £185.15 per week to £203.85.

The FCA has told Professional Indemnity insurers that they must support its British Steel Pension Scheme (BSPS) redress scheme and avoid “unreasonable barriers” to compensation.

Two thirds (65%) of Financial Planning clients say that investment volatility is one of their main current concerns, according to new research.

The Financial Conduct Authority has updated its Handbook - its definitive list of rules and guidance - to include a section on the forthcoming Pensions Dashboards.

The Financial Services Compensation Scheme has declared Scottish-based Financial Planning firm EQ Financial Planning Limited in default.

The Financial Conduct Authority said today that its expects more than 1,000 British Steel Pension Scheme (BSPS) members hit by poor pension transfer advice to start receiving redress calculations in 2023.

The first two participants have joined a new adviser academy being launched by a hybrid legal and Financial Planning firm.