SIPP provider DAC Pensions - which had more than 600 clients and nearly £27m in assets under administration - has been declared in default by the FSCS, opening the door to compensation claims.

A report for the Treasury-backed Women in Finance Charter suggests that women are continuing to gain more senior roles in financial services, with female executives now holding 35% of senior roles.

Major new consumer research by the Financial Services Compensation Scheme (FSCS) has revealed that 23% of people have either cut or halted pension contributions in the past months as they struggle to cope with the cost of living crisis.

Three-quarters of financial advisers are behind with their preparations for the FCA’s new Consumer Duty which begins in July, according to a poll.

Platform engine GBST has relaunched its Composer wealth platform and rebranded to signal a new direction for the business following an aborted attempt to take over the company.

Nearly 300 claims have so far been received against failed pension transfer adviser Portal Financial Services (FRN 501272) which has been declared in default this week by the FSCS.

Wealth manager Quilter has warned doctors and senior medical professionals close to retirement to halt their plans and seek professional financial advice before quitting work.

Leading industry pensions expert Andrew Tully, technical director at Canada Life, has castigated Labour’s plan to reverse the scrapping of the Lifetime Allowance (LTA).

Today’s Budget brought a generally positive reaction from Financial Planners and industry professionals, especially on pensions, but there was disappointment that many reforms would only help a minority of people.

Pensions tax free cash will be capped at £268,275 despite the scrapping of the pensions Lifetime Allowance (LTA).