Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.

The FCA is proposing to increase its minimum and flat rate fees, as well as application fees, by an average 8.75% which could mean Financial Planners facing an overall hike in charges of 4.9%.

Nest, the auto-enrolment pension provider, has appointed former Skipton Building Society boss Ian Cornelius as interim chief executive following the departure of Helen Dean.

Investment platform CMC Invest has launched a flat fee SIPP in partnership with Quai Investment Services.

More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.