Mums have lost hundreds of millions of pounds in retirement, a pensions firm has calculated, because of a change in the rules on child benefit.

A 3,000 strong adviser network is launching a new discretionary service next month.

Financial advisers have shared their opinions on the service they receive from over 200 providers including platforms and DFMs.

Pension professionals fear a one size fits all ‘auto-drawdown’ policy will hurt clients, and they have suggested advice vouchers should be re-examined.

The FSCS has this afternoon named 40 companies that are in default.

A state pension ‘train crash’ looms, the PFS has warned today, after the latest review emerged.

Former Pensions Minister Ros Altmann has criticised today’s new state pension review for rejecting early access.

Investment research and fund ratings company RSMR has unveiled a new rating service for Discretionary Fund Managers (DFMs).

Friends and industry colleagues of Simon Chamberlain have expressed their sadness and shock after his sudden death last week. They have hailed his leadership and dry sense of humour, while noting his commitment to his family and business.

James Hay bosses say they are focused on “getting the basics right” on service but acknowledged there was “some way to go”, as the firm reported an adjusted operating profit £7.1 million.