Former pensions minister Steve Webb has warned that pension schemes and providers could face a multi-million pound extra compliance bill if individual retirement income forecast are included in Pension Dashboards.

The Financial Conduct Authority is probing more than 150 Coronavirus-related scams, according to a Freedom of Information request.

Wrap platform Nucleus has opened its doors to electronic signatures for new business and client instructions to support remote working by advisers.

Just over half of staff working at financial advice firms believe remote working is becoming a permanent way of doing business, according to a new survey.

Global financial provider and investment manager JP Morgan is mulling the launch of a UK challenger bank early next year, according to reports over the weekend.

The Serious Fraud Office has charged three men, including ex-IFA David Kennedy, with multiple offences following a long-running investigation into the collapse of the £120m Axiom Legal Financing Fund.

The Pensions and Lifetime Savings Association - the trade body that represents 1,300 pension schemes with 20m members - has joined the chorus of concern about the Government’s potential axing of the Retail Prices Index (RPI), the measure used to decide many annual pension increases.

The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025.

Investors in the former Woodford Equity Income Fund will receive an additional £183m, meaning a total of almost £2.5bn will have been distributed to investors since the fund began winding up.

Former head of investment strategy at Brooks Macdonald and Moola founder Gemma Godfrey has joined Independent Wealth Planners as non-executive director overseeing investment management and consumer insight.