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Catch up: Five retirement stories you might have missed

Fiveways Financial Planning director Chris Gilchrist has teamed up with Parmenion to overhaul his firm's investment offering, in a move away from in-house model portfolios towards a hybrid discretionary managed proposition.

Gregor Stewart, a former FD of Lloyds Banking Group's insurance division, has joined Alliance Trust as a non-executive director.

The price of Brent crude oil has fallen another 8% to $71 per barrel after the Organization of the Petroleum Exporting Countries (OPEC) decided not to cut output on Thursday.

The number of advisory businesses entering the industry this year outnumbered those leaving by almost 40%, according to new research.

Consumers should pay a share of the cost of the guidance guarantee, or they will fail to value the service, an adviser has argued.

The Financial Conduct Authority (FCA) is to look into the non-advised sale of income drawdown products amid concerns consumers could be left vulnerable in the new pensions environment.

Financial advisers could be worth up to 3% a year in net returns to clients, compared to what they could achieve on their own, according to peer reviewed research conducted by Vanguard Asset Management.

The Association of Professional Financial Advisers (APFA) has welcomed new proposals to fund the guidance guarantee set out by the regulator today, saying it could save the advice industry £2m-£4m a year.

Provider Scottish Widows has announced a restructure of its pension and investment business, confirming the loss of 130 roles across the UK.