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Three major fund managers have pumped £39.4m into the retirement and SIPP provider Embark Group to help fund growth and acquisitions.

Retirement product and SIPP provider Embark Group has returned to the black after a transformation that has seen it widen its services from pure SIPP and SSAS offerings to a range of pension services.

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.

Earlier this month Partners Wealth Management held a financial eduction event for students which taught the basics of Financial Planning.

Tributes have been paid to former Association of British Insurers director Peter Montagnon who died suddenly on Tuesday.

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