Pensions consultancy LCP is calling for a ‘magnetic pensions’ strategy to help tackle a leap in small pension pots, estimated to be increasing at 2m a year.

The FCA is keeping a close eye on an ‘uptick’ in overseas firms trying to establish an operation in the UK but keeping senior staff overseas.

Platform and SIPP provider AJ Bell saw £1.9bn in outflows in its quarter ending 31 March despite customer numbers topping 500,000 for the first time, it reported today.