DB transfer values fell from July’s record-high to levels similar to pre-lockdown in August, while the number of members asking for a transfer value also declined, according to a new report.

Last year only two pension fraud cases a month were passed to the police to investigate despite nearly 400 reports to Action Fraud.

The Personal Finance Society has appointed Sarah Lord FPFS, chief client officer at Succession Wealth, as President for 2020-21.

Christopher Woolard will be stepping down from the FCA Board and any executive “or decision-making” roles from the start of October.

DFM, wealth manager and Chartered Financial Planner Brooks Macdonald has reported an 11.1% increase in underlying profit before tax to £23m for its financial year ending 30 June 2020.

The FCA has fined hedge fund executive Corrado Abbattista £100,000 for market abuse and banned him from any regulatory activity.

One in ten workers have paused pension contributions in the face of the Coronavirus pandemic and its impact on incomes and savings.

Over a third of over-50s are leaving retirement planning to the proverbial ‘last minute’ of two years before retirement or failing to plan at all.

The Consumer Prices Index (CPI) measure of inflation fell sharply from 1% in July to 0.2% in August as the Eat Out to Help Out restaurant scheme kicked in and helped lower eating out prices.

The Court of Appeal has backed the High Court judgement which rejected claims that an increase in State Pension Age affecting women born in the 1950s was discriminatory.