The Society of Mortgage Professionals (SMP) has announced the appointment of three new Board members. The expansion from seven to ten Board members will provide members with even greater support and expertise.

Jeremy Hunt says he will increase the pensions annual tax-free allowance from £40,000 to £60,000 and will abolish the Lifetime Allowance — previously set at £1.07m.

The Financial Ombudsman Service (FOS) has published a consultation on proposed amendments to the reporting of business-specific complaints data.

We welcome the FCA’s paper on this key subject, and particularly welcome the emphasis the FCA puts on Diversity and Inclusion. As the FCA has made clear, the financial services professions should serve all groups in society – and we look forward to working with the FCA to ensure that there is the right balance of talent and regulation in the market to increase access to advice.