The Pensions Regulator is to shake up some rules on pension trustees to improve protection for pensions savers, it announced today.

Independent Wealth Planners, the acquisitive wealth business, has bought its seventh business and its first in Scotland, Financial Planner AGL Wealth Management.

More than 16m people are now saving into master trust pensions, according to data from The Pensions Regulator.

More than half of workers (54%) are in the dark about the size of their pension pots, according to a major survey by pensions industry trade body the PLSA.

Peter Hargreaves, one of the two founders of Bristol-based investment provider Hargreaves Lansdown, is to sell £500m of his shares.

Hargreaves Lansdown co-founder increased his share sell off from £500m to £550m today due to strong demand from institutional investors. 

Savings sector trade body TISA and fintech Altus have launched an online self-assessment tool, the Vulnerability Radar, to help firms “understand and identify” how to support vulnerable customers. 

The Treasury has appointed two new non-executive directors to the Financial Conduct Authority board.

The rapid rise of index-tracking funds saw a new high in 2019 with more than £18bn invested, double the previous year.

Financial Planning fintech firm Dynamic Planner is to launch what it calls a “revolutionary” cashflow tool upgrade later this year.