More than half of pension pots are being cashed out in full as fewer people seek professional guidance, new figures from the FCA have revealed.

The FCA’s latest retirement income market data for 2022/23 published today has revealed that the money being withdrawn from pension pots is falling, dropping 5% to £43,199m from £45,638m in 2021/22.

Total assets under management at investment manager Tatton Asset Manager rose 26.9% year-on-year, rising £3.7bn to £17.6bn for the year ended 31 March.

Integrafin, the parent company of adviser platform Transact, has reported advised client numbers rose to a record 231,581 in the three months to the end of March.

A number of former professional footballers will join a central London march on Wednesday demanding justice for victims of financial misconduct.

The number of active FCA-authorised individuals dropped significantly in March with a net loss of more than 800 people on the FCA Register/Directory, according to data services provider Autus.

Chartered Financial Planner Scott Newman has joined national IFA Continuum to strengthen its presence in the Scottish Highlands.

Fast-growing wealth manager and Financial Planner Titan Wealth Group has completed its acquisition of Norwich-based Financial Planning firm Loveday & Partners which has around £600m of AUM.

Tatton Core Active was the most recommended platform managed portfolio solution in the first quarter of the year, climbing from sixth place at the end of 2023.

Two more adviser firms have been declared as failed today - increasing the number listed as failed or under investigation by the Financial Services Compensation Scheme this week to seven.