Xafinity, the pensions consultant and Sipp provider, has revealed plans today to buy several divisions from rival Punter Southall Holdings for up to £153m.

Stephen Lansdown, co-founder of Bristol-based investment platform and wealth manager Hargreaves Lansdown, is reportedly backing a major new venture by ex-Sun editor Kelvin Mackenzie to launch two new radio stations.

Mazars, the professional services firm, is to acquire Chartered Financial Planning business RCL Consultancy Limited from retirement solutions provider The Embark Group.

Financial literacy among young people should improve following the announcement in the Budget about increased funding for maths education and teacher training, says the Chartered Institute for Securities & Investment (CISI).

The FCA has today fined Bluefin Insurance Services Limited (Bluefin) £4,023,800 for having inadequate systems and controls and failing to provide information to customers about its independence in a way that was “clear, fair and not misleading.”

Clients at Glasgow-based wealth manager Murphy Wealth can now gain full access to their financial information on a new app provided by the company.

The Financial Conduct Authority has unveiled the list of firms that were successful in their applications to begin testing in the third phase of the regulatory sandbox project designed to let firms test out innovative new financial ideas and products.

A survey published by Chartered Financial Planning firm Fairstone and market researcher Ipsos MORI has found that the use of financial advisers is declining. 

A survey has found that nearly half of younger retirees (44%) are withdrawing more than 10% of their pension savings each year, risking running out of money because they underestimate their lifespan.

Research from over-50s specialist insurer SunLife reveals that online financial budgeting tools and phone apps are becoming more popular among people aged 50-80.