An equity release adviser who made “illegitimate transfers” totalling £1,000,000 has been hit with a ban by The Financial Conduct Authority today.

Woodford Investment Management has invested £21million in AJ Bell, it was announced this morning.

National wealth manager Bellpenny announced today that it has completed the takeover of two more adviser firms with more than 250 clients combined.

The FCA has this morning told advisers what it considers to be poor practice when advising insistent clients.

Lloyds has escaped a £167m penalty but has still been handed the largest ever retail fine by the FCA - £117m.

A Financial Planner is getting ready to run through fire and crawl under barbed wire this month.

Two key executive roles at the FCA have been filled this morning, with the regulator announcing appointments as part of a management and structural overhaul.

Many wealth managers, life and pensions companies have failed to realise the potential ramifications of new EU regulations, a savings body has warned.

The chief executive of Succession Group says it “is commercially and morally right” to train his staff to at least Level 6 qualification after embarking on a pilot scheme with the IFP.

A Barclays Wealth vice president has been snapped up by Financial Planning firm Towry.