Tom Hegarty has been appointed as new CEO for adviser support services firm Simplybiz.

Financial Planning firm Shackleton, formerly the Skerritts Group, has acquired Richmond-based PK Financial Planning.

AJ Bell has agreed to sell its Platinum SIPP and SSAS business to InvestAcc Group for £25m, with the deal expected to complete in the second half of this year.

Scottish Widows’ £60bn default workplace pension fund, Pension Investment Approaches (PIA), is to transition to a new default offering with a higher exposure to equities and a shorter de-risking phase.

The government could cut the cash ISA allowance to encourage more people to put money into stocks and shares ISAs to boost investment, it suggested today.

The Treasury is to consult on a range on new measures to crackdown on promoters of tax avoidance schemes as it seeks to boost tax revenue.

Chancellor Rachel Reeves told MPs today that GDP growth should pick up to 1.9% next year but said that the forecast for GDP growth this year has been halved by the OBR from 2% to 1%.

The network arms of failed advice firm Tenet - TenetConnect (FRN: 149826) and TenetConnect Services (FRN 150643) - have now both been declared in default by the Financial Services Compensation Scheme, opening the door to compensation claims.

Financial adviser review site VouchedFor has added a new feature enabling users to search for advisers by gender.

A quarter (25%) of over-50s wish they had taken their pensions 'more seriously' at a younger age, according to a new survey.