Chancellor Rishi Sunak has appointed three industry stalwarts as new members of the Prudential Regulation Authority’s governing body, the Prudential Regulation Committee.

The Association of Taxation Technicians (ATT) has backed House of Lords recommendations that unregulated tax advisers be brought into regulation.

Adviser data and ratings provider Defaqto has added 1,047 risk-rated funds and DFM Model Portfolios to its Financial Planning software Defaqto Engage.

Rapidly expanding Newcastle-based Chartered Financial Planning firm Fairstone has acquired South West-based Sovereign Wealth Management.

Two leading professional bodies have applauded the FCA for adding the professional memberships and affiliations of individuals to the FCA register.

Crowd-funder MoneyThing Capital Limited has gone into administration.

The Financial Conduct Authority has fined investment platform Charles Schwab UK Ltd (CSUK) £8.96m for a series of safeguarding and compliance failures.

Chris Ralph, former chief investment officer at wealth manager St James’s Place, is to step down at the end of this year after 11 years with the company.

Most financial advisers who took part in a recent survey expect a steady shift towards Environmental, Social, and Corporate Governance (ESG) investing post the Coronavirus pandemic.

Fund manager and platform provider 7IM has launched a range of multi-asset funds which it says will offer advisers low-cost and highly diversified passive investments.