Business owners aged over 55 have cashed in around £400million of their pensions to fund new ventures since the freedoms took effect, an asset manager has estimated.

The Investment Association has appointed the former director general of AIFA as chief executive.

A pensions firm has been told to compensate an illiterate customer after her complaint was upheld by the Financial Ombudsman Service.

Inheritance tax receipts have jumped by 70% from 2010-11, new analysis has indicated.

Accredited Financial Planning firm Baigrie Davies is to be bought by Standard Life's 1825 business.

The FCA’s annual funding requirement for the year will rise to £519.3 million, a hike of 7.8% on the previous year. 

The total fees that advisers will have to pay the FCA next year would fall under proposals released this morning.

Advisers’ bill for running the FCA to drop from £74.9m

The total fees that advisers will have to pay the FCA next year will fall, it was confirmed this morning.

The FCA has reported that there has been a fall in consumers accessing their pension pots for the first time since the new rules came into effect.

The chief investment officer of Architas, part of the AXA Group, is leaving the company, it was announced this morning.