Investment manager and Financial Planner Abrdn has confirmed that it will cut 500 jobs as part of a £150m cost cutting programme.

The total value of people’s pensions peaks in their 50s while their ISAs peak in their 70s, according to new data published to coincide with Financial Planning Week.

The number of active FCA-authorised firms has dropped by 3.7% over the past six months to 75,213 - down 7% year on year, with M&A activity driving much of the consolidation.

Canada Life has this morning closed its onshore bond and personal pension plan to new business with immediate effect after the company decided it could no longer be competitive in the areas.

The latest HMRC inheritance tax receipts published today have revealed that £5.7bn was collected in the first three quarters of the 2023/24 financial year.

The Chartered Institute for Securities & Investment (CISI) has awarded six new Honorary Fellowships to people who have made an outstanding positive contribution to the financial services profession and to the CISI.

Eddie McGuire, managing director of @sipp, and the firm's finance director Steve Lancaster, have led a successful MBO of the specialist SIPP and SSAS provider.   

A 46-year-old man has appeared in court in London today charged in connection with a £19m unauthorised investment scheme.

Adviser network and support firm Sesame Bankhall Group has added Holloway Friendly to the protection panels of its Sesame Network and PMS Mortgage Club.

The UK’s high earners are facing a retirement shock with less than a third on track for a financially comfortable lifestyle when they retire, according to new research.