Former Chancellor of the Exchequer Rishi Sunak MP has become Prime Minister today after rivals dropped out of the Conservative Party leadership race.

Typical pension transfer values slumped to an “unprecedented” low of £181,000 at the end of September - a fall of 8% in one month, according to the latest XPS Pension Transfer index.

London-based Chartered Financial Planner Capital Asset Management has promoted Chirine Harb to be the firm's new chief operations office (COO).

Pensions and SIPP provider @SIPP has hired Matt Storey from XPS as its new head of business development.

Nearly six in 10 people (59%) in the Black community fear running out of money in retirement, a new survey has found.

The FCA has fined Barclays plc and Barclays Banks a provisional £50m over dealings with Qatari investors.

Financial advisers and industry experts have expressed concern about the ‘stealth tax’ threat from Inheritance Tax after receipts grew to £3.5bn for the latest six month period, up £400m year on year.

The Financial Services Compensation has declared an East Midlands financial adviser with several trading names as failed, opening the door to clients claiming compensation.

North London-based Engage Financial Services has made its first acquisition with a deal to buy lifestyle Financial Planning firm Kench & Co Financial Services from its parent accountancy firm.

Two former pension trustees are to face trial at Crown Court accused of arranging £700,000 in illegal loans and investments.