The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default.

Almost half of older workers are unaware that their pension has a choice of investment funds to choose from or even what their pension fund is invested in.

The FCA has published a modification to its rules that govern how firms must connect their data to the Pensions Dashboards service.

North East-based Chartered Financial Planning-focused wealth manager Fairstone has appointed six new managing directors as it changes its organisational structure across its wealth advisory, training and central paraplanning functions.

HSBC’s chief executive Noel Quinn is to retire unexpectedly from the bank to “get a better balance” after what he described as an “intense” five years in the role.

SIPP and SSAS provider body the Association of Member-Directed Pension Schemes (AMPS) has warned that an increasing number of Small Self-Administered Schemes (SSAS) approvals are being rejected by HMRC.

Hargreaves Lansdown has posted a record £150bn assets under administration and said the number of net new clients climbed 48% to 1,858,000 active clients in the three months to the end of March.

Net inflows to under-fire wealth manager St James’s Place slumped 64.5% in the first quarter of the year compared to last year, but funds under management climbed again.

Fast-expanding wealth manager and Financial Planner Titan Wealth is reported to be putting together a deal to take over rival private Financial Planning firm Independent Wealth Planners (IWP), which has £6bn AUM.

Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they are failing to pay into a personal pension, according to new data from investment platform CMC Invest.