Prime Minister Liz Truss has made a U-turn on a controversial decision to cut Corporation Tax following her appointment today of Jeremy Hunt as the new Chancellor to replace sacked Kwasi Kwarteng.

Chancellor Kwasi Kwarteng has quit his job after 38 days in charge of the nation’s finances after being asked to "stand aside" by Prime Minister Liz Truss.

The FCA has fined Gatehouse Bank, a Shariah-compliant challenger bank, £1.5m for poor anti-money laundering checks.

Fast-growing national IFA firm Continuum, which has recruited heavily in recent years, has reported assets under influence up 9% year-on-year to £1.53bn.

Chris Budd, the founder of the non-profit Institute for Financial Wellbeing, is to step down as chairman after three years.

The FCA has warned that scammers have cloned a popular Schroders’ fund and are trying to con investors out of their money.

More than eight out of 10 High Net Worth clients (84%) expect to use housing wealth to fund at least part of their retirement, according to a new survey.

Leicestershire-based Financial Planner Handford Aitkenhead & Walker has become the latest business to achieve prestigious CISI Accredited Financial Planning Firm status.

Evelyn Partners has made major executive changes at its Bestinvest arm as it moves from being a DIY investment platform to a company focused on hybrid advice.

Wealth and Investment Manager Church House Investments has appointed experienced wealth manager James Edgedale as a client director.