The Financial Conduct Authority has today launched a review on 'streamlining' regulatory red tape post the Consumer Duty, amid signs many advice firms have cut back on the number and type of clients they serve and struggled to meet all the obligations.

The Pensions Regulator’s (TPR’s) new DB funding code - a decade on from the previous one - has been laid in parliament today, following extensive industry consultation.

Funds targeting income have seen a resurgence of interest among advisers with interest in capital accumulation funds waning at the same time in Q2, according to research consultancy firm Square Mile. 

Chancellor Rachel Reeves will today commit the Government to one major fiscal event per year to end “surprise budgets”, which have caused uncertainty for markets and family finances across the country. 

The number of teachers opting out of the Teachers’ Pension Scheme has climbed 14% to 13,112 during the past 12 months, data collected by the Department for Education has revealed.

Average transfer times for DC pensions fell by 14.2% in the 18 months to the end of June 2024, according to new figures published by fintech Origo.

Around 140,000 pensioners will soon face tax demands for the first time since they retired through the ‘simple assessment’ process.

The FCA is to consult on ground-breaking proposals to launch capital-raising retail platforms to raise money for expanding firms.

The number of new equity release customers jumped by 12% to 5,240 in Q2 as the market recovered from a downturn last year, according to the Equity Release Council’s latest quarterly market report.

Fund manager Jupiter has reported pre-tax profits for the latest half year up by £3.9m to £38.7m.