A proposal by the FCA to ban the offering or acceptance of inducements in the financial services profession could end up hurting consumers, the Chartered Institute for Securities & Investment (CISI) has warned.

AFH Financial Group, the rapidly growing Financial Planning business, has raised £17.5m through a share placing today, £2.5m more than it planned due to support from the markets.

Fund manager Legal & General Investment Management has entered the Exchange Traded Fund (ETF) market by acquiring Canvas, the Ucits ETF platform owned by ETF Securities.

Old Mutual Wealth, the South African-owned provider going through a major restructuring, plans to rebrand as Quilter next year in a move that will mean its adviser network Intrinsic rebranding as Quilter Financial Planning.

The Consumer Prices Index (CPI) 12-month rate was 3% in October, the same as September after rising from 2.6% in July to 2.9% in August, mainly due to rises in clothing and motor fuel costs.

SIPP provider STM Group has issued a statement today that its chief executive Alan Kentish has been released from arrest by the Royal Gibraltar police as of 13 November “without any charge.”

The FCA will take over regulation of binary options from the Gambling Commission from 3 January in the wake of a growing number of investment scams which have cheated investors out of millions.

Aviva has agreed to acquire Irish insurer Friends First Life Assurance Company (Friends First) for €130m (£116m).

The Pensions Regulator has warned that it will take firm action, including prosecution, against employers who fail to pay into pensions after its first successful court case against an employer for failing to contribute to an auto-enrolment scheme.

The FCA has issued a Consultation Paper today outlining a proposal to potentially charge firms up to £100 year for paper fee invoices.