The Financial Conduct Authority has secured an order of £4m against an unauthorised mortgage broker and its associates who it described as "sham brokers" who exploited vulnerable consumers.

Quilter Financial Planning, the restricted financial advice network of Quilter plc, has added four new appointed representative firms to its advice network.

High net worth individuals (HNWIs) in the UK significantly underestimate how much money they need for the retirement they want, with the average respondent misjudging by around half.

New figures from HMRC have revealed that pensions lifetime allowance (LTA) penalty charges added a record £516m to the Treasury’s coffers in 2022-23, the last full year before it was abolished in April this year.

The FCA is to expand its £1.35bn Dormant Assets Scheme (DAS) to include unclaimed client money and investment assets.

The FCA has agreed to correct an error on its Register of authorised individuals after a complaint was upheld by the Complaints Commissioner.

Over four in five retired annuity holders who would likely qualify for an enhanced annuity do not currently have one, according to new research.

The Bank of England's Monetary Policy Committee (MPC) has voted 8-1 to hold the base rate at 5% in a widely expected decision.

The Bank of England's Monetary Policy Committee (MPC) has voted 5-4 to cut the bank base rate by 0.25 percentage points (0.25%) to 5% - the first cut in over four years.

The Bank of England's Monetary Policy Committee (MPC) has today voted to cut the base rate from 5% to 4.75%.