The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.

Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.

More than 3,800 young people have benefited from insurance and Financial Planning virtual work experience programme during the first year of its operation.

One in nine (12%) of UK adults have admitted to losing money to a financial scam in the last year.

Integrafin, the parent company of adviser platform Transact, has reported record funds under direction on the platform of £64.1bn for the three months to the end of September.

Chartered Financial Planning firm Attivo has appointed Jo French as its chief executive, as the company said it looks to continue its growth trajectory.

The Chartered Institute for Securities & Investment (CISI) has appointed Certified Financial Planner Carly Dunningham as chair of the CISI Financial Planning forum committee.

Concerns over pensions adequacy remain a priority for some people, according to a survey from the Pensions and Lifetime Savings Association (PLSA).  

International Financial Planning firm Hoxton Wealth has added experienced Financial Planner Dewi Evans to its Dubai-based team.

Two-thirds (64%) of individuals aged 50-59 would be interested in receiving targeted support suggestions from regulated firms, new research suggests.