Some 160,000 financial services workers need their skills upgraded according to a new report which suggests that improving workers could provide an additional £555m a year to the UK economy.

Financial Planners and advisers need to improve their approach to retirement income suitability assessments by considering clients' financial personality, such as whether they are spenders or savers.

More than 100 new Chartered and fellow members of the Personal Finance Society have celebrated their graduation at Westminster Chapel in London.

East Anglian Chartered Financial Planning firm Fairey Associates has acquired Norfolk’s £100m AUM Tailored Retirement & Investment Planning for an undisclosed sum.

The transfer value a typical DB pension could fetch fell below £150,000 in October for the first time since last year’s mini budget, according to pensions and SIPP firm XPS Group.

The FCA has banned Nigel Lewis and Susan Jones of West Wales Financial Services Limited (in liquidation) (FRN: 756482) from advising customers on pension transfers and pension opt outs after accusing them of performing "a double act of carelessness and incompetence" in relation to BSPS advice.

Expanding national advice firm Foster Denovo has agreed to acquire Punter Southall Aspire’s employee benefits business for an undisclosed amount.

The Chartered Insurance Institute (CII) is planning to boost its advice and support to members working with victims of economic abuse.

Wealth and investment manager Brooks Macdonald has recruited former Jupiter chief executive Maarten Slendebroek as chairman, subject to regulatory approval.

New research suggests a split on the direction of stock markets, with advisers far more bullish than clients.