The Bank of England has increased its base rate by 50 basis points from 3.5% to 4% - its highest rate since October 2008.

The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.

Only 1 in 20 pension schemes will be able to provide dashboard data for all of their members, according to a new survey.

Pensions Minister Laura Trott has announced a shake-up of private pensions to create “fairer, more predictable, and better-run pensions.”

The FSCS has declared pension transfer adviser Portal Financial Services LLP (FRN501272) as failed after the firm went into compulsory liquidation following a string of complaints.