Worcestershire Credit Union Castle & Crystal Credit Union Limited (FRN 213711) has been declared in default by the Financial Services Compensation Scheme after it was placed into administration today (21 May).

Adviser platform Parmenion plans to introduce tiered adviser charging on its platform this summer to support evolving business models in advice firms, it said.

The Society of Pension Professionals (SPP) has joined other trade bodies in urging the government to think again on its proposals for lifetime provider pension pots.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported making “strategic progress” in a trading update published today.

SSAS specialist Whitehall Group has launched a new self-invested personal pension (SIPP) plan focusing on commercial property and standard assets which it said marks a return to the "original purpose of SIPPs."

Nine out of 10 UK pension funds (91%) have underperformed a FTSE All Share tracker over 10 years, new figures show.

Troubled wealth manager and Financial Planner WH Ireland has confirmed that it is in discussions over the possible sale of its capital markets division as it continues to seek to stabilise the firm.

Inaccurate national insurance records have led to state pensioners missing out on £470m due to them, according to new data published by the Department for Work and Pensions.

Investment manager and Financial Planner Abrdn has simplified the charging structure on its Wrap platform, including cutting prices by up to 15bps.

Expanding pension consultancy Barnett Waddingham has appointed four new managing partners to support its growth strategy, the firm said.