Almost two-thirds of wealth management and financial advice firms (63%) do not currently plan to offer Targeted Support.
Pension professionals are concerned about the industry’s capacity to handle Pensions Dashboards queries.
Pensions administrator Aptia has acquired Pension Decision Service from Mercer for an undisclosed amount.
Financial adviser HDH Investment Services Limited (HDH) has entered Creditors’ Voluntary Liquidation three months after the FCA intervened over concerns the company may have given unsuitable advice to some clients, potentially resulting in financial loss.
The FSCS has declared Yorkshire adviser firm Barfield Associates Limited (FRN: 116531) in default after receiving two claims, both relating to pensions advice.
More than 99% of Schroders shareholders have voted this week in favour of a £9.9bn takeover of the company by US investment house Nuveen.
Over half (54%) of over-55s who have given a financial gift in the last seven years have failed to keep a record of it, according to new research.
The Consumer Duty has helped improve standards in financial services but more progress is needed and some areas of board monitoring are "weak", a senior FCA figure has said.
GBST has built and deployed agentic AI into its Composer platform to automate high-volume administration processes.
The FCA has opened a consultation into new guidance to help firms understand how they might be affected by the regulatory regime for crypto assets.