Central Markets Investment Management (CMIM) Limited (FRN:475828) has been declared in default by the Financial Services Compensation Scheme (FSCS).

The Treasury has revealed that the Government will have the ability to set investment allocation targets under its upcoming multi-employer master trust rules as it shared details of the Pension Schemes Bill.

Investment scams saw a sharp 34% increase in losses in the first recorded rise since 2021, according to the annual UK Finance Annual Fraud Report.

The FCA has publicly apologised to clients of two failed mini-bond firms for the way it dealt with their complaints about the firms and will pay compensation.

Financial advisers saw a larger number of protection sales across all life categories in 2024, according to the Swiss Re Term & Health Watch 2025.

Pension transfer activity picked up slightly in the past two months despite the XPS Group’s Transfer Value Index recording its lowest ever month-end figure for the second month in a row in April.

Investor confidence in UK markets rose 70% in May, according to the latest Investor Confidence Index.

Tom O’Hara, James Ross and David Barker have joined GAM Investments from Janus Henderson Investors.

Profits rose 17% to exceed £13m (2023: £11.2m) for wealth manager JM Finn in 2024, an increase for the second consecutive year.

The Advertising Standards Authority (ASA) has rejected complaints related to medical concerns about an advertisement for British Seniors life insurance.