Lloyds Banking Group is set to launch a £400m takeover of fast growing retirement and wealth management company Embark Group, according to a speculative report from Sky News over the weekend.

The FCA is to consult on introducing a new type of open-ended fund which invests in long-term illiquid assets.

XPS Self Invested Pensions is to waive its property purchase fee for property purchases for new SIPP and SSAS clients.

Nearly 92% of shareholders in platform Nucleus have accepted a cash offer from rival platform James Hay which values Nucleus at about £145m.

Two in five working aged women have taken action when it comes to their pension saving after having heard about the gender pension gap, with 8% seeking financial advice, according to new research.