One in three (35%) Britons expect to face hardship in retirement, according to a new report.

Less than a third (28%) of over-50s would buy an annuity or consider buying one, according to new research by the FSCS.

Rising gilt yields and falling inflation expectations have pushed the typical value of a DB pension transfer to its lowest level in seven years.

Wealth manager Titan Wealth has acquired investment research and consultancy firm Square Mile for an undisclosed sum, subject to regulatory approval.

Wealth manager St James’s Place is offering virtual work experience to 500 young people with a three-day taster for those interested in a career in financial services. 

Derbyshire-based Financial Planning firm Belmayne has added two new experienced Planners to increase the size of its Financial Planning team to nine.

The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.

The FCA has banned financial adviser Mark Abley of County Capital Wealth Management Ltd and told him to pay £106,100 to the Financial Services Compensation Scheme (FSCS) for poor pension transfer advice to BSPS members.

There is growing optimism on personal finances for the coming year despite stubborn inflation, according to research group GfK’s long-running Consumer Confidence Index.

Schroders-owned adviser acquisition firm Benchmark Capital has hired former Sandringham Partners chief executive Tim Sargisson as the new managing director of its Financial Planning arm.