The US financial giant MetLife is closing its UK wealth management arm to new business and says it will refocus its strategy to “drive the growth” of its Employee Benefits and Individual Protection businesses instead.

Royal London has unveiled a Pension Review Service for advisers which is designed to provide them with more support in meeting their FCA obligations.

A woman has been handed a two year suspended prison sentence and a £4,500 compensation order after pleading guilty to bribery offences after she made £4,500 through the sale of confidential Aviva customer data.

Cashflow modelling tool provider Cashcalc has signed a deal to provide integration with adviser back-office support firm Plum Software.

Investment firm Quilter Cheviot has bolstered its senior staff in Jersey with the appointment of a new investment director.

Pension provider Selectapension has apologised after suspending DB pension transfer business following an FCA audit.

The FCA has published its annual report and accounts, ahead of its public meeting on the 18th July at the Queen Elizabeth II conference centre in London.

Some 50% of annuity customers stick with their original pension provider rather than shopping around - losing out on a potential £765m worth of extra income, research has shown.

FCA chief executive Andrew Bailey says the regulator will provide technical support to the government on Brexit as the FCA gears up to ensure as smooth a transition as possible to a post-EU financial sector.

Major platform provider AJ Bell has appointed a new sales director who will work mainly on SIPP products.