Pension SuperFund Capital has reported an “inadvertent breach” of one of the rules of City Code on Takeovers and Mergers in its announcement on 8 September about its offer for SIPP provider STM Group.

Pension firm Phoenix said it doubled its long-term cash generation in the first half of the year despite a “challenging market environment.”

Customers of collapsed Newcastle-based wealth manager WealthTek are likely to have any losses refunded by the Financial Services Compensation Scheme up to the scheme’s £85,000 limit per person.

The FSCS has declared three financial adviser firms as failed, opening the door to compensation claims from ex-clients.

New research of consumers and advisers suggests concerns are growing about the finances of older and more vulnerable people and their abillity to cope with the cost of living challenges.

Financial Planning-focused wealth manager Atomos has recruited former Fidelity executive Dawn Mealing to be its new Financial Planning business manager.

The Financial Services Compensation Scheme has opened an investigation into Surrey adviser firm Independently East Ltd (FRN488046) after the firm entered compulsory liquidation earlier this week.

Nearly 30 partners and employees of wealth manager St James’s Place have completed a three-day trek to raise money for charity.

The Financial Conduct Authority has demanded improvements in the later life mortgage / equity release sector after finding evidence of poor advice and misleading promotions.

The FCA has cancelled the regulatory permissions and withdrawn the authorisation of Leeds-based financial advice firm Gainsborough Financial Services (GFS).