More than 4 in 10 financial advisers expect the FCA’s new Consumer Duty - which came into effect on Monday 31 July - to hit profits due to the cost of complying with the new rules.

The Scottish Widows Platform, the new name for The Embark Platform, has been launched this week.

Most over-55s expect to have spent - or expect to spend - a third of their pensions tax-free lump sum within the first six months of taking it, according to a new study.

DB transfer values fell 8% in the second quarter, according to the latest data from XPS Pensions Group.

Fintech and support services firm Fintel, the owner of SimplyBiz and Defaqto, has acquired digital knowledge and competence management system Competent Adviser.

Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.