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. The FSCS said it had received 482 claims against DAC Pensions (FRN 774721), all connected to SIPPs. So far, four of the […]

  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. The figure is an increase on the 33% recorded in 2021 and 2022. {loadposition hidden2} This year’s Women in Finance Charter report reveals […]

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. GBST was sold by rival FNZ at the end of 2021 to a private equity firm after the Competition and Markets Authority (CMA) blocked FNZ’s acquisition of GBST. […]

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. Gavin Jones, Chartered Financial Planner at Old Mill, said generally the Budget was positive for pensions but many hoped for reforms were missing. He said: “The […]

  The number of early retirees fell to 1.1m in the period November to January – down 7% in six months. Latest employment data released today by the government reveals that the number of people aged 16-64 who say they are retired has declined in the past six months, with 90,000 rejoining the workforce. The […]