Chartered Financial Planning firm One Four Nine Wealth has acquired York-based Mowatt Financial Planning for an undisclosed amount.

Consumers and businesses could be given greater control over their financial data to help secure better deals through open finance, the FCA claimed today.

West Lancashire Financial Planning firm Acumen Financial Partnership has attracted a strategic investment from accounting and wealth management firm One Point Advisory Services.

The FCA has warned that crooks have been issuing fake letters which purport to have been sent by Sarah Pritchard, the regulator’s deputy chief executive.

Financial Planners and advisers are getting ahead of the impending levy of inheritance tax (IHT) on unused pensions from April next year by using options such as tax wrappers, lifetime gifting and earlier drawdown.

Artificial Intelligence (AI) is now being used universally across the pensions industry with all members of the Society of Pension Professionals are now using AI, up from nine out of 10, 87%, who said they were using it last year.

Today’s competitive annuity rates mean the payback period is now 14 years on a benchmark £100,000 annuity purchased by a 65-year-old, generating an income of £7,373 a year.

Women working in UK financial services are earning nearly £30,000 less than men, with the hourly gender pay gap widening to 25%.

Nearly three quarters (74%) of IFAs reckon providers need new ways to engage younger generations, according to a new study.

The Government has published an amendment to the Pension Scheme Bill to limit the extent to which it can ‘mandate’ how defined contribution pension schemes invest.