The Pensions Administration Standards Association (PASA), the independent body set up to improve standards in pensions administration, is to launch a voluntary mediation service to resolve issues experienced by schemes during the transfer of pension schemes from one provider to another.

A London-based private wealth firm believes that more women are set to seek financial advice due to the growing complexity of divorce settlements.

Financial investment and marketing group Investoo has bought RoboAdvisors.com, a website which allows investors to compare robo-adviser services.

Aviva has acquired a majority shareholding in Cardiff-based robo-adviser Wealthify Group, which was set up in 2016 by a tech entrepreneur and a Chartered Wealth Manager.

One in five adults (20%) who have retired in the last five years have admitted to struggling to cope with retirement and many more are heading for a “cliff edge” post-work, according to figures from a major UK-wide survey of over 2,000 people, published today.

Platform Hubwise has halved the cost of its SIPP plan, it says, and has reduced entry costs as the company’s chief executive lambasts 'unfair' high charges he claims are prevalent in the sector.

Wealth management and legal services group Progeny, which is based in Leeds and has a London office, has acquired Chestergate Financial Planning which has offices in Salisbury and London and is run by a Chartered and Certified Financial Planner.

Chartered Financial Planning firm Perceptive Planning, a London-based company headed by well known planner Phil Billingham CFP, has launched a World Citizen service aimed at 12 million multi-jurisdiction clients.

The first ever World Financial Planning Day is under way today (4 October) with over 170,000 Financial Planners around the world being encourages to join in.

The FCA has found that less than 50% of pension transfer advice it reviewed in a sample survey was suitable and it is to undertake further work to assess the problems against a backdrop of a surging pension transfer market.