MPs on the Work and Pensions Committee have welcome the FCA’s Retirement Outcomes Review but attacked progress on reform as “glacially slow.”

XPS Pensions Group, the recently enlarged pensions actuarial, consulting and administration business, has reported total revenue for the 12 months to March increased by 27% from £52m the previous year to £66m.

Thesis Asset Management has launched a report on decumulation for financial advisers called: ‘Decumulation – the usual suspects: Sequencing risk and other unhelpful side effects’.

The FCA is to amend its Handbook to ensure it is ready for Brexit and will limit Handbook changes unrelated to Brexit in the period up to EU withdrawal.

Many industry pensions experts have given a cautious welcome to the FCA Retirement Outcomes Review but some have voiced concerns about aspects of the proposed changes, especially how investment pathways will work.

New research on the UK wealth management sector has revealed that assets under management have reached a record £957bn for the first time with collective investments now making up over 40% of all assets.

The Financial Conduct Authority has launched a consultation today on measures aimed at protecting consumers, improving engagement and promote competition in the retirement income market. 

Tavistock Investments made a profit of £221,000 following a restructure of its advice services.

Financial Planning firm Fidelius has selected Hubwise as its new investment platform.

Liontrust Asset Management has reported an increase in assets under management of 61% - from £6.5bn to £10.5bn over the last year.