The Financial Services Compensation Scheme has made a first payment of £26.6m to the Joint Special Administrators of failed Newcastle-based wealth manager WealthTek LLP.

The Personal Finance Society (PFS) has added a new guide on how firms can focus on delivering consumer outcomes in Financial Planning to its PFS Power website.

Clone scammers have targeted Marks & Spencer’s financial services arm by setting up a fake website to try to con savers.

SIPP and SSAS provider @sipp has appointed Josh Legg as business development manager.

The FCA has cancelled the Part 4A permission to carry out regulated business of Kent-based IFA The Pentagon Partnership (FRN: 627747).

Chancellor Rachel Reeves will outline plans for pension ‘megafunds’ this evening at her Mansion House speech as she seeks to increase investment in the UK.

The proportion of deaths subject to Inheritance Tax (IHT) could nearly double from 5.1% to 9.5% by the end of the decade after the Budget changes, Office of Budget Responsibility (OBR) figures appear to suggest.

The planned introduction of Pensions Dashboards in 2026 could mean losses from poor pension transfers costing savers over £2bn if they unwittingly move to higher charging plans, a provider has warned.

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.