The 18,000-member London Community Credit Union (LCCU), one of London's largest credit unions, has gone into administration and been put into default by the Financial Services Compensation Scheme (FSCS).

The FCA is to retire its British Steel Pension Scheme redress calculator which has been used to provide an assessment of client losses incurred due to poor advice.

HMRC is to reform the much-criticised system it uses to apply emergency tax codes to pension lump sum withdrawals.

Isle of Man financial services holding company Manx Financial Group has acquired Liverpool-based wealth manager CAM Wealth Group.

Inheritance Tax (IHT) receipts rose £0.6bn (year on year) to £6.3bn for the period April to December 2024, according to the latest data from HMRC.

The Personal Finance Society (PFS) has published a new good practice guide for advisers about economic abuse and life insurance.

Long-serving Transact CEO Jonathan Gunby is to retire in March and will hand over to colleague and chief development officer Tom Dunbar.

 Investment platform AJ Bell has signed up to Finio, Sprint Enterprise Technology’s integration hub, to ‘increase efficiency’.

Behavioural finance firm Oxford Risk has launched new retirement income suitability software to help Financial Planners and advisers meet the FCA's stricter requirements in the wake of last year’s thematic review.

Fast-growing Financial Planning firm Perspective Financial Group completed five further acquisitions in December, adding £375m of assets under advice.