Retirement and insurance firm Phoenix Group, owner of Standard Life, has scrapped plans to sell its over-50s insurance specialist Sun Life.

Close Brothers group chief executive Adrian Sainsbury has taken temporary medical leave of absence from the business, the company revealed today.

Wealth manager City & Merchant Limited (FRN 154182), which had trading restrictions imposed on it by the FCA in June, has gone into liquidation.

A retirement crisis will take hold within the next two decades without policy change to address widespread under-saving, according to Phoenix Insights.

The latest edition of Financial Planning Today magazine, the premium UK journal for Financial Planning, Wealth Management and Paraplanning professionals, will be out next week.

Londoners are among the least likely people in the UK to seek retirement planning financial advice with just 9% stating that financial advisers have been their main source of retirement advice compared to 18% in Scotland.

The Pensions Regulator (TPR) has called on pension professionals to consider a more diverse range of investments.

Better financial education in schools could be the key to increasing social mobility, according to a new study.

A major new consumer financial survey has revealed that 24.6m people in the UK have never taken financial advice or guidance with 11m saying ‘perceived barriers’ deter them from seeking advice.

Over half (54%) of advisers say that current cash interest rates on platforms have helped them attract new clients, according to new research.