The FCA has restricted business at London IFA firm Independently East Ltd (IEL) (FRN488046) after it failed to pay a £70,000 Ombudsman award to a client.

Two in five HNW individuals financially support their children but three in five do not feel comfortable talking about money issues with them, according to new research.

The Pensions Regulator has prosecuted two former pension scheme trustees for making illegal loans of £236,000 from a company pension scheme to the sponsoring employer last year.

The number of complaints about life and pension and investment companies fell by 8% during 2022, according to the latest data from the Financial Ombudsman Service.

Plans to bring forward a rise in the state pension age which were expected to be announced in May have been put on hold, according to newspaper reports.

Pensions and financial services consultancy Hymans Robertson has selected Jon Hatchett as senior partner to lead the firm from 1 April.

Former Abrdn advice director Neil Messenger has formed a new advisory firm called Professional Independent Wealth Advice (PIWA) which will join the Sandringham Financial Partners network.

Fast-expanding Nottingham-based Financial Planner Wren Sterling has completed two acquisitions, Active Wealth Management and HB&O Financial Services, adding 860 clients and £330m in assets.

There was a surprise surge in CPI inflation in February to 10.4% - from 10.1% in January - due mainly to rising food prices.

Boston Multi Family Office has acquired Fedelta Trust Limited which will see the existing Fedelta team, led by Steven Quirk and David Brew, move to Boston’s Isle of Man offices.