Victims of the Hartley Pensions collapse have moved a step closer to having their funds unlocked with the appointment of a firm to receive transfers from the Hartley SIPP business, which is currently in administration.

A new industry campaign group has been set up to tackle failings and shortcomings in the Letter of Authority process, which it says is costing the industry £442m a year.

Wealth manager St James’s Place (SJP) has recruited Caroline Waddington from UBS to be its new chief financial officer (CFO).

Michelle Scrimgeour, chief executive of Legal and General Investment Management (LGIM), is to step down as the firm merges its asset management divisions.

The FCA has cancelled the permissions of Buckinghamshire-based adviser firm Pringles Financial Services (FRN: 148402).

Financial Planner and wealth manager Quilter has urged the DWP to take urgent action to resolve pension transfer issues a year after the department’s review of regulations.

More than half of retail investors are worried about later life Financial Planning, according to a new survey.

The Financial Services Compensation Scheme has declared as failed ISA manager Haich & Associates (FRN 791582) as in default after the first claim against the firm was upheld.

Giant US asset manager and pension consultancy Mercer has agreed to acquire UK pensions risk and investment management firm Cardano Group, for an undisclosed sum.

Pensions are key to next month’s general election, reckons Steven Cameron, pensions director at Aegon, speaking after today’s launch of the Conservative Party’s manifesto.