The Financial Conduct Authority has secured £25m more compensation for 4,500 investors in the failed Park First scheme which saw investments sold to a number of SIPP investors.

Funds under direction (FUD) for adviser platform Transact rose 7.2% over the quarter ending 30 June.

Acquisitive SIPP provider Curtis Banks has reported a 15% rise in its number of mid and full SIPPs to 55,000 following the acquisition of Talbot and Muir.

Retirement and platform provider Embark is to hire more than 50 people in Dundee over the next few months to boost its platform operations in the city.

Whilst the travel industry is celebrating the lifting of many restrictions on overseas trips, rental holidays for commercial property in pensions are going in the other direction.