The Financial Services Compensation Scheme declared 45 firms in default between May and October, including several Financial Planning, SIPP and wealth management firms.
Read more ...FOS axes 128 staff at cost of £3.1m
- Friday, 06 November 2020
- Articles

The Financial Ombudsman Services has made 128 staff redundant over the past 12 months as its workload has fallen, according to its 2019/20 Annual Report and Accounts.
Read more ...STM adds £5m to takeover war chest
- Friday, 06 November 2020
- Articles

STM Group, the financial services and SIPP provider, has added £5m to its takeover war chest to fund further acquisitions.
Read more ...Chartered Planner hires biz director for growth push
- Friday, 06 November 2020
- Articles

London-based Chartered Financial Planning Firm Capital Asset Management has hired a business development director as it gears up for a growth push.
Read more ...Industry execs join to launch Financial Planner business
- Friday, 06 November 2020
- Articles

Senior executives from accountancy firm Beavis Morgan and general insurance firm Jelf have teamed up to launch a new Bristol-based Financial Planning business with plans to acquire adviser firms.
Read more ...Sunak extends furlough scheme to March
- Thursday, 05 November 2020
- Articles

Chancellor Rishi Sunak has extended the furlough scheme until the end of March, with the government paying up to 80% of wages.
Read more ...Competition regulator tells FNZ to sell GBST
- Thursday, 05 November 2020
- Articles

The Competition and Markets Authority has ordered platform engine provider FNZ to sell rival and takeover target GBST over fears that millions of UK pension savers and investors could face worse service and higher prices.
Read more ...FCA bans 3 financial advisers after sex offences
- Thursday, 05 November 2020
- Articles

The Financial Conduct Authority has banned 3 financial advisers from working in financial services indefinitely - including one in jail for sexual assault - following findings of misconduct.
Read more ...Responsible investment fund sales hit £7.1bn
- Thursday, 05 November 2020
- Articles

Responsible investment funds saw net retail sales of £7.1bn for the year-to-date, up from £1.9bn for the first three quarters of 2019.
Read more ...Pandemic leads to rise in saving
- Thursday, 05 November 2020
- Articles

The Coronavirus pandemic has changed the savings habits of UK individuals with 40% now putting money aside, according to a new report.
Read more ...