The FCA has written to investment platforms and SIPP providers to ask them to disclose how much of the interest they receive from cash and bank deposits they pass on to their customers. 

XPS Pensions Group is to sell its Master Trust pensions business XPS Pensions (Nexus) Limited to major Master Trust firm SEI for up to £42.5m.

The Complaints Commissioner has reported a 20% rise in complaints about FCA's decisions on disputes in its annual report for the year ended in March.

The Financial Conduct Authority has outlined plans to regulate financial firms which use AI (artificial intelligence) and financial technology companies.

Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty.

Leeds-based Traditum Private Equity has launched a family office service.

Wealth manager and Financial Planner Brooks Macdonald has reported a dip in net flows to £0.1bn for the company's fourth quarter ended 30 June.

The UK economy contracted by 0.1% in May, according to the latest GDP figures released today.

Only 30% of pension schemes support the Chancellor’s Mansion House Reform plans to encourage pension schemes to invest in UK businesses, according to survey.

John Moret is one of the UK's leading pensions and SIPP experts and commentators. As he enters his 75th year, still working part-time in the sector, he continues his series of articles for Financial Planning Today looking back at the changes that have shaped the pensions sector during his career. In this third article in the series he looks at the rise of income drawdown and what changes may lie ahead.