A Shropshire-based pension adviser - an appointed rep of failed firm Tenet Connect Limited - has itself been declared as failed by the Financial Services Compensation Scheme, opening the door to compensation claims.

Leicester-based WBR Group, a provider of SSASs and tax advice, has acquired SSAS administrator NM Perris & Co Ltd.

Assets under management rose 35% year-on-year to £19.95bn for investment manager and IFA support firm Tatton Asset Management for the six-month period ended 30 September.

The aggregate surplus of DB pension schemes increased to £485.1bn at the end of October, according to the latest Pension Protection Fund (PPF) 7800 Index.

More than two fifths (44%) of people in the UK have not written a will, nor are they currently in the process of doing so, according to new research.

Fulcrum Asset Management has received regulatory approval to launch its first commingled Long Term Asset Fund, which it expects to do so on 29 November.

Challenger bank Metro Bank has been fined £16m by the Financial Conduct Authority for money laundering failings from 2016 to 2020.

PFS members have sensationally rejected two key motions at the AGM in Manchester in a serious blow for the board.

The PFS is to launch a major consultation exercise with members after they unexpectedly rejected two key motions at the AGM in Manchester yesterday.

One of the leading PFS rebels, Alasdair Walker of the OurPFS campaign group, has welcomed the "clear message" the AGM protest vote yesterday has delivered to the PFS and parent body the CII and said the future for the PFS now looks "more positive."