Adviser platform Transact has reported net inflows during the quarter to the end of September of £720m, down from £1.3bn on the same period in 2021.

The Financial Conduct Authority has this year restricted twice as many firms in the investment market as it did last year, it has reported.

This is the full text of Chancellor Jeremy Hunt's speech to MPs this afternoon (17.10.22), explaining why he has reversed of many of the changes announced in the mini-Budget on 23 September.

In another major government U-turn, new Chancellor Jeremy Hunt has scrapped almost all the measures announced in September’s mini-Budget by predecessor Kwasi Kwarteng, apart from the cut to National Insurance and cuts to stamp duty.

The pensions industry has been given more time to prepare for the Pensions Dashboards next year.

There are more changes at the top at adviser platform Nucleus as it appoints two new independent non-executive directors (NEDs) to its board.

Hargreaves Lansdown’s chief executive Chris Hill will quit next year after six years at the helm of the investment and platform provider.

The new Chancellor Jeremy Hunt will make an emergency statement today in the Commons outlining part of his planned fiscal plan, the full details of which will be announced on 31 October.

Prime Minister Liz Truss has made a U-turn on a controversial decision to cut Corporation Tax following her appointment today of Jeremy Hunt as the new Chancellor to replace sacked Kwasi Kwarteng.

Chancellor Kwasi Kwarteng has quit his job after 38 days in charge of the nation’s finances after being asked to "stand aside" by Prime Minister Liz Truss.