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Glasgow-based IFA Cowley & Miller Independent Financial Services Limited has failed after the firm was hit with 34 claims from clients, most related to pension transfers.

The Pension Regulator (TPR) and DWP have amended guidance on tough pension transfer regulations introduced in November last year.

Nadhim Zahawi, the former Education Secretary, has become the new Chancellor of The Exchequer following the shock resignation of Rishi Sunak yesterday.

Pensions Minister Guy Opperman MP has become the latest Government minister to resign this morning.

Dunstan Thomas founder and CEO Chris Read has taken the role of chief growth officer at parent company Curtis Banks Group.

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