Fund manager M&G is to create a new wealth management division under David Montgomery following the recent takeover of platform Ascentric.

The number of complaints dealt with by the Financial Ombudsman Scheme has fallen to its lowest level for at least 7 years.

Sheffield-based Belmayne Chartered Financial Planners is to launch virtual ‘consultations’ for consumers to raise awareness of Financial Planning Week which takes place from 5-11 October.

The fast growing Financial Planning-focused wealth manager AFH has reported a drop in business following the Coronavirus lockdown, according to a trading statement out today.

The UK Government has rejected calls for a review of the impact of pensions tax relief.

The new chief executive of the FCA, Nikhil Rathi, will begin work at the regulator tomorrow (1 Oct).

The number of pensions being fully withdrawn has risen 5.1% in 2019/20 but the number of people taking regulated advice when entering drawdown has fallen by 10% in the first half of the year, according to the FCA’s Retirement Income Market data bulletin.

Investment platform Parmenion has said goodbye to its chief investment strategist, Simon Brett, who has retired after 14 years with the firm.

The FCA has said big tech firms like Google can do more to protect consumers in areas on the edge of the FCA's regulatory perimeter in its second annual perimeter report.

Those who have taken financial advice are more likely to enjoy life because of the way they are managing their money (34%) compared to those that have not taken advice (24%), according to a new report.