Two more adviser firms have been declared as failed today - increasing the number listed as failed or under investigation by the Financial Services Compensation Scheme this week to seven.

New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.

UK GDP is estimated to have risen by 0.1% in February and the figure for January has been revised up from 0.2% to 0.3% growth, raising expectations that the UK will avoid a prolonged recession.

The former director of a social enterprise company which employed blind and disabled people has denied allegations that he defrauded his workers’ pensions.

Investment platform CMC Invest has launched a flat fee SIPP in partnership with Quai Investment Services.

ISA withdrawals from adviser platforms rose 42.8% year-on-year in 2023 as the cost of living crisis started to bite, according to a new report.

The FCA has today published a warning notice against Neil Woodford and Woodford Investment Management alongside its findings against Link Fund Solutions.

More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.

Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.

In a trading update today XPS Pensions Group reported revenue from continuing operations rose by 20% for the year ending 31 March 2024.