The annual summit of wealth management trade association PIMFA, which represents 1,000 investment managers and financial advisers, got underway this morning.

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The triple pensions lock and rising average earnings mean that the State Pension will rise by around 4% in April - an increase of about £350 a year.

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Woodford Investment Management, the high profile fund manager set up by Neil Woodford, is to close after it lost most of its remaing fund management contracts.

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National advisory firm Beaufort Financial has completed its newest partnership with Akrivis Wealth, the 19th such arrangement with an IFA firm.

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Paul Feeney, chief executive of Financial Planning firm Quilter, has spoken movingly about his personal mental health “journey.”

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The Embark Group has appointed of Lawrence Churchill CBE as its newest member of the company’s board of directors.

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Neil Woodford has hit out at Link Fund Solutions after the administrator decided to pull the plug on his £3.5m Equity Income Fund.

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Since the introduction of pension freedoms in 2014 the FTSE 350 buyout deficit - the amount required to transfer the pension liability to an insurer - fell by around £2.5bn.

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