The new Financial Services and Markets Bill 2023 - described by the government as a “rocket boost” for financial services - has received Royal Assent today.

The SIPP market saw 9 products pulled but 15 new plans launched during the 2022/23 fiscal year, according to an exclusive report for Financial Planning Today.

The Financial Services Compensation Scheme has declared MacFarlaine & Brooks IFA Limited (FRN 612753) as failed, opening the door to compensation claims.

Wealth manager Charles Stanley has added a financial coaching service for its direct investing clients.

In 2022/23 the Financial Ombudsman Service received 21,918 fraud and scam complaints, a rise of almost a fifth compared to the 18,450 reported in 2021/22.

Over-55s have continued saving into their pensions despite the temptation to cut back in the face of rising living costs, according to a new report.

Financial adviser Denis Lee Morgan has been banned by the FCA from advising on pension transfers and opt outs following British Steel Pension Scheme advice failings.

The FCA has shared 10 questions for firms to consider ahead of its new Consumer Duty which comes into force on 31 July.

Adviser platform James Hay has partnered with Origo to launch a Unipass Letter of Authority service.

One in three (35%) Britons expect to face hardship in retirement, according to a new report.