The Association of British Insurers has today announced Tim Bailey, UK CEO of Zurich, as its new President, replacing Barry O’Dwyer, group CEO of Royal London, who is stepping down.

The latest FCA product sales data has revealed that fewer retirees are taking regulated advice before switching their pension pot into income drawdown and guaranteed income for life solutions.

Chartered Financial Planner Lumin Wealth has acquired the Big Picture Wealth Management, a financial adviser based in Ongar, Essex.

Total SIPP market assets will exceed £500bn within the next 12 months, according to John Moret.

The Treasury has reported today that 11 new firms have signed up today to its Women in Finance Charter designed to improve the representation of women in senior roles in financial services.

The FCA is consulting on new rules which would extend FSCS protection to retail investors investing in Long Term Asset Funds (LTAFs).

Wealth manager and Financial Planner Evelyn Partners has launched a new digital hybrid platform which will offer employees of companies a financial coaching service provided by qualified professionals.

Canaccord Genuity Wealth Management (CGWM) UK has launched a new Financial Planning office in Norwich which will be headed by award-winning Financial Planner Hazel Bowen, the Personal Finance Society’s Chartered Financial Planner of the Year 2023. 

Regulatory change could lead to another surge in M&A in the SIPP market despite the number of Planners advising on them falling, according to Financial Planners.

The new Financial Services and Markets Bill 2023 - described by the government as a “rocket boost” for financial services - has received Royal Assent today.