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Tilney Smith & Williamson is following rivals by removing VAT from its Managed Portfolio Service propositions.

Private equity firm AnaCap Financial Partners has acquired Novia, the £8bn adviser platform and SIPP provider.

Pensions and investment planning software firm Selectapension has been acquired by the Perseus operating group of Canadian technology company Constellation Software.

Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.

The Pensions Policy Institute (PPI) and Age UK have called on the government to provide early access to the state pension for those within three years of their state pension age who are unlikely to be able to work again due to caring responsibilities, a disability, or long-term joblessness caused by the Coronavirus pandemic.

The XPS Pensions’ Transfer Watch monitoring service has flagged up 64% of recent pension transfers as showing signs of a potential scam, a record number.

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