The £39.8m acquisition of pension services and SIPP provider STM by Guernsey-based investment vehicle Pension SuperFund Capital has been extended for another month after the firms said it was taking longer than expected to receive regulatory approvals.

The Financial Conduct Authority has warned clients of failed SIPP firm Hartley Pensions to be wary of scams or fraudsters as administrators of the collapsed provider begin to send out information about the transfer out process.

A fraudster who targeted a pension company and banks has been jailed for three years for making £178,000-worth of fake applications to get pension facilities and loans.

FCA chairman Ashley Alder has confirmed that the FCA is working intensively on a new post-Brexit PRIIPs regime to improve retail asset management regulation.

The FCA has provisionally banned two financial advisers for “acting without integrity” in relation to SIPPs pensions advice involving £10m of investments.

Investment manager and Financial Planning group Abrdn has begun the search for a new CEO after Stephen Bird decided to step down after four years at the helm.

The FCA has cancelled the permissions and withdrawn the authorisation of London-based financial advice firm Elan Financial Group Ltd (FRN: 48971).

Financial Planners are currently unconcerned about any shorter-term impacts hitting clients following the announcement of a UK General Election to be held on 4 July.

The Financial Ombudsman Service has set out proposed fees for Claims Management Companies (CMCs) and other 'professional representatives', following the introduction of legislation in parliament.

The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the industry for 2024/25 to £265m.