Shareholders of wealth manager Smith & Williamson have voted today to approve the merger of the company with Financial Planning and wealth management rival Tilney.

HMRC has reported that  £2.3 billion was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.

The CISI is urging UK Financial Planners to get involved in this year’s Financial Planning Week to help consumers cope with the “huge shock” of Covid-19.

The CISI's annual Financial Planning Week consumer campaign was launched today with a focus on 'virtual' events and support.

The Financial Services Compensation Scheme has increased the speed it is settling LCF claims and has so far paid out £13.5m to 844 people hit by the collapse of the mini-bond firm.

The Coronavirus pandemic has hit the Financial Planning profession hard and resulted in major business change but despite this Financial Planning Today readers have voiced remarkable confidence in the future in our annual Financial Planning Survey.

Over 120,000 SIPP and SSAS savers may be owed compensation of up to £80,000 each due to errors in relation to property transfers, according to tax advisers Cornerstone Tax.

Provider Aegon has reported more than double the percentage of life insurance claims caused by respiratory conditions for the first half of 2020.

The Lloyds Banking Group has said in its half year results that it remains committed to becoming a top three Financial Planning business by the end of 2023, with the transition of assets to the joint venture with Schroders on track.

Negative perceptions could be why just 10% of UK adults have taken paid-for financial advice in the past two years, according to research from digital advice firm OpenMoney in conjunction with YouGov.