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Annuity sales climb by 22% to 8-year high
Sales of annuities surged more than a fifth during the first three months of the year to reach their highest level for eight years.
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Profits fall at Transact parent firm
Integrafin, parent company of platform Transact, suffered a near £4m fall in IFRS pre-tax profit in the half year to 31 March as it was hit by rising costs and adverse markets.
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AJ Bell expects boost from LTA axe as revenue rises
Platform and SIPP provider AJ Bell has reported a 37% rise in revenue to £103.6m for its half year ended 31 March, in figures out today.
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FSCS trims levy for advisers by £4.4m
The Financial Services Compensation Scheme has cut its 2023/24 levy for the Life Distribution & Investment Intermediation class - which includes financial advisers -by £4.4m.
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FSCS investigates 2 firms over pension transfers
The Financial Services Compensation Scheme has opened its doors to claims against two firms passporting into the UK to advise on pension transfers.
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