Nothing sums up Britain’s rising claims culture than the astonishing figures published by the Financial Ombudsman Service this week.

One in six (15%) pension savers surveyed earlier this year say they have no idea who will be the beneficiary of their pension when they die.

The Financial Services Compensation Scheme recovered more than £56m from failed firms over the past year, up nearly £2m on the £54m recovered the year before.

North American funds saw £622m in outflows in May, according to the latest data from the Investment Association.

More than nine in 10 UK adults over 66 view the State Pension as an entitlement, despite only half (58%) believing it is affordable for the country, according to a new report.

The Financial Conduct Authority is expecting to have spent over £5.5m on its advice guidance boundary review by April 2026.

Northumberland accountancy firm Greaves West & Ayre (GWA) has added three IFAs to its wealth management team.

Former Scottish Widows senior executive Emma Watkins will become UK CEO at Canada Life from 1 September.

European life and pensions consolidator Chesnara has acquired HSBC Life (UK) in a deal worth £260m.

Expanding Financial Planner Shackleton has acquired South West-based Financial Planning and wealth management group Chetwood, adding £900m in AUM to its assets.