Wealth manager St James’s Place is to withhold a third of its proposed 2019 final dividend until the impact of the Coronavirus outbreak becomes clearer.

The STAR initiative, the cross-industry group aiming to improve the transfer of pension and investment assets between providers, is to seek a new chairman following the decision by its chairman Tom McPhail of Hargreaves Lansdown to leave the industry.

Financial provider LV= says applications for its fixed term annuities have doubled over the past month.

Nearly half of wealthier investors will keep their portfolio’s exposure to stocks over the next six month and 37% plan to invest more, according to a new survey of global investors.

The Pensions Regulator has warned savers looking to transfer their pension pot during the Covid-19 outbreak that the move is “unlikely” to be in their best long term interests.

Liberty SIPP Limited has entered administration, opening the door to FSCS compensation claims for hundreds of clients.

International pensions group STM, which bought troubled SIPP firm Carey Pensions last year, is planning further acquisitions in the SIPP and pensions sector as its focuses on the UK.

Only a third of women (33%) believe now is the right time to invest in their pension compared to 46% of men, according to a survey of 1,100 consumers which looked at investment differences between the sexes during the pandemic.

In an upbeat response to the Coronavirus outbreak, Financial Planning Group Progeny has recruited 9 new staff and has plans to expand.

The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation.