The £126bn Prudential with profits fund is set to share £3.5bn with more than 2m of its policyholders, owner M&G Wealth has revealed.

The Pensions and Lifetime Savings Association (PLSA) and the Association of British Insurers (ABI) have called on Government to boost UK growth through greater pension investment in four key areas.

The FCA is to consult on speeding up enforcement cases in an attempt to increase the deterrent impact of its actions and improve the public's confidence in the regulator as an enforcer.

The FCA has cancelled the Part 4A permissions of Liverpool-based claims management company MJL Focus Marketing (FRN 837145) after concluding that it was not a “a fit and proper person.”

Investment manager and Financial Planner Abrdn made a pre-tax loss of just £6m last year, a huge turnaround from the £546m loss posted the previous year.

Wealth manager St James’s Place has expressed its sadness at the death of one of its co-founders, Lord Jacob Rothschild, who has died at 87.

Expanding Financial Planner and wealth manager MKC Wealth has acquired London-based Financial Planning Firm Wealth for Women for an undisclosed sum.

Almost half (49%) of working adults have changed their retirement plans because of the cost-of-living crisis, according to new research by the Pensions Management Institute (PMI).

Standard Life - part of Phoenix Group - has linked with fund giant Fidelity to launch a new Smoothed Return Pension Fund which is designed to grow investments while offering some protection against the daily turmoil of investing.

Schroders has launched a listed global equity impact fund in response to what it calls growing demand from clients for public equity-focused impact strategies.