Mini-bond provider Vector Wealth has gone into administration today after an application to the High Court by a director of firm to wind up the business.

Two pension trustees have been jailed for their part in a £13m ‘pension liberation’ scam which saw hundreds of savers lose their pension pots following a fraudulent pension transfer.

Consumer confidence is in “freefall” - including the confidence of personal finance savers.

The FCA has expressed concerned about “weaknesses” in financial crime controls at some Challenger banks.

Pension consultancy and administrator XPS Pension Group has reported 8% growth in revenues over the past year thanks to strong growth in advisory revenue, according to a trading update ahead of its full year results in June.

The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

Fintech firm Moneyhub is to launch a pilot application which it claims will enable consumers to automate Financial Planning.

European private equity firm Nordic Capital is to acquire Financial Planning firm Ascot Lloyd from current owners Oaktree Capital Management for an undisclosed sum.

The FCA has stepped in to bar South Wales adviser firm David Stock & Co Limited (DS&C) - which advised BSPS clients on pension transfers - from disposing of assets without permission.

A third (36%) of UK adults are saving less due to rising living costs, according to new research.