UK insurers and long term savings providers have today launched a new £100m fund to help support charities “hardest hit” by the Covid-19 crisis. 

About 7% of the Personal Financial Society’s 40,000 members - equivalent to about 2,800 individuals - were furloughed by the end of April.

More than 60% of Millennials say they are interested in taking some form of financial advice since the arrival of the pandemic.

Invesco is making sweeping immediate changes to its UK equity fund range and team today following the exit of high profile fund manager and Neil Woodford protégé Mark Barnett.

More than 2,500 Chartered Insurance Institute members will take their exams online over the next few months as the professional body shifts to remote testing and remote invigilation due to the pandemic.

Former Pensions Minister Baroness Ros Altmann has questioned whether the pensions Triple Lock is the best way to protect state pensioners in future.

A survey of UK financial advisers has revealed that 69% plan to review their investment strategies in the wake of the Coronavirus.

Platforms were hit by a 12% drop in Assets Under Administration (AUA) in the first quarter of this year, according to analysis by the lang cat consultancy.

Retirement solutions and platform provider Embark is planning a tie-up with Openwork, one of the UK’s largest adviser networks, which will see Embark's new Advance platform become the lead supplier to Openwork’s 2,000 advisers for five years until 2026.

Investment provider Hargreaves Lansdown has warned that its FSCS levy could nearly double in the coming year from £6.8m to £13m.