Full year pre-tax profits slumped by 26% to £269.2m at investment and platform provider Hargreaves Lansdown as the company was hit by economic headwinds.

The Bank of England today raised its base rate by 50 basis points from 1.25% to 1.75%.

Capital Gains Tax (CGT) receipts rose 43% to £14.3bn for the 2020/21 tax year, according to data from HMRC this morning.

Savings and retirement provider Phoenix Group is to acquire closed-book UK life insurer Sun Life UK in a deal worth £248m.

Adviser platform Nucleus has appointed Mike Regan as chief financial officer.

Nearly one in three pension savers (28%) are worried about keeping track of all their retirement savings pots, according to a new report.

A jury at Southwark Crown Court has today found guilty David Ames, 70, one of the key figures behind the extensive £226m Harlequin fraud which conned many pension investors.

The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.

The Financial Conduct Authority is to implement new rules to make authorised firms more responsible for their appointed representatives (ARs) from December.

At-retirement IFA My Pension Expert (MPE) has received FCA approval to accept a “significant investment” from Palatine Private Equity to fund its expansion plans.