The Financial Services Compensation Scheme plans to increase its workforce by about 25% by 2024/25 to cope with a surge in complex cases, the body has confirmed to Financial Planning Today.

National Chartered Financial Planning-focused firm Fairstone has revamped its client charging structure and cut its ongoing charge for standard clients by 20 basis points to 0.8%.

The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.

Many pension trustees are falling short of the standards of The Pension Regulator’s codes, the regulator has warned.

The NHS Business Services Authority (NHSBSA) has opened a claim back scheme to compensate NHS pension scheme members who have suffered a financial loss due to discrimination.

Government-backed NS&I is to reduce the prize fund rate for Premium Bonds from 4.65% to 4.40% from its March draw.

Canada Life has launched a CPD training programme in behavioural psychology for Financial Planners.

Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.

The Financial Services Compensation Scheme, the government-backed investor safety net, is to expand its number of expert staff to cope with a rise in complex cases.

Boston Multi Family Office has acquired the Isle of Man fiduciary business of Turnstone.