Net flows for Aviva’s wealth division dropped 15% year-on-year to £2.3bn for the first quarter of 2025 (Q1 2024: £2.7bn).
Public trust in the pensions industry has dropped for the first time in five years, according to an annual survey.
The Financial Conduct Authority has secured confiscation orders of £305,284 against a trio of convicted investment fraudsters.
The Financial Services Compensation Scheme (FSCS) has started an investigation into Hertforshire-based financial adviser Business Agent Ltd (FRN: 669880).
Net sales rose by 35% over the first quarter from £5.6bn to £7.4bn at the end of the quarter, according to new data.
Financial advisers are turning away from pension wrappers and instead utilising pension gifting, annuities and onshore bonds as they prepare for the upcoming changes to inheritance tax, according to a new report.
The Financial Services Compensation Scheme (FSCS) is to open further investigations into failed wealth manager WealthTek as it makes ‘substantial progress’ on client payouts.
The Pensions Regulator has warned that millions will need more help with retirement planning after its latest data review revealed that 51% of pension savers withdraw all of their pension pot as cash.
Leeds-based adviser IFA Ltd, trading as Cowburn Milner & Company Limited (FRN 433928), has been declared in default by the Financial Services Compensation Scheme.
The FCA plans to cut back insurance red-tape to give the industry simpler, more straightforward rules, it said.