Stockport-based adviser Smith Holdings Ltd, trading as Life Time Independent, has been declared in default by the Financial Services Compensation Scheme (FSCS).

Wealth manager St James’s Place saw net inflows nearly halve in 2023 to £5.12bn but funds under management rose sharply as a market recovery got under way.

The Financial Ombudsman Service is expecting over 181,000 consumer complaints in the 2024/25 financial year, according to its annual consultation paper.

Two thirds (62%) of over-55s have never taken any financial or legal advice on estate planning, according to a new report.

Nearly two thirds (63%) of advisers are concerned about the impact of the Government’s proposed lifetime pension provider model, a new report suggests.

Advisers placed £1.4bn of new business onto the Quilter platform in the fourth quarter of 2023, according to a trading update from the wealth manager.

Investment manager and Financial Planner Abrdn has confirmed that it will cut 500 jobs as part of a £150m cost cutting programme.

The total value of people’s pensions peaks in their 50s while their ISAs peak in their 70s, according to new data published to coincide with Financial Planning Week.

The number of active FCA-authorised firms has dropped by 3.7% over the past six months to 75,213 - down 7% year on year, with M&A activity driving much of the consolidation.

Canada Life has this morning closed its onshore bond and personal pension plan to new business with immediate effect after the company decided it could no longer be competitive in the areas.