In the space of 24 hours earlier this month we had two new pieces of legislation which impact pension transfers. The fireworks started early on the anniversary of the discovery of the gunpowder plot, with the publication of the Finance Bill (No. 2) which includes the new rules on changes to normal minimum pension age (NMPA). Bonfire Night itself caused less of a bang with the introduction of the new rules on the statutory right to transfer.

Advised net flows reported a quarter-on-quarter decrease of 20.78% in the third quarter, according to a new report.

The Department for Work and Pensions is to introduce a threshold below which pension providers will be unable to charge a flat fee to savers.

The West Midlands is where the greatest proportion of the local population are receiving regulated financial advice, according to data released this morning.

Abrdn and Interactive Investor have today both confirmed talks which could see Abrdn acquiring Interactive Investor (ii) for £1.5bn.