Nine out of 10 UK pension funds (91%) have underperformed a FTSE All Share tracker over 10 years, new figures show.

Troubled wealth manager and Financial Planner WH Ireland has confirmed that it is in discussions over the possible sale of its capital markets division as it continues to seek to stabilise the firm.

Inaccurate national insurance records have led to state pensioners missing out on £470m due to them, according to new data published by the Department for Work and Pensions.

Investment manager and Financial Planner Abrdn has simplified the charging structure on its Wrap platform, including cutting prices by up to 15bps.

Expanding pension consultancy Barnett Waddingham has appointed four new managing partners to support its growth strategy, the firm said.

Fake trader Guy Flintham - who splashed out more than £1m of investors' money on a "extravagant lifestyle" - has been jailed for six years over a £19m unauthorised Ponzi-style investment scheme.

MKC Wealth, the expanding wealth manager, has acquired Dartford-based Gibson Lamb and Mulberry Financial of Macclesfield for undisclosed sums.

The FCA has written a Dear CEO letter to provider bosses to alert them to potential gaps in data as the Consumer Duty deadline for closed products looms.

Fintech and investment provider Timeline has launched its own adviser platform promising a platform fee of a typical 0.15%.

Retirement planning specialist Paul Goddard has joined Derbyshire Financial Planning firm Belmayne.