Chartered Financial Planner and wealth manager Bowmore Wealth has increased its Assets Under Advice (AUA) by £135m with the acquisition of two London financial advisers, DWA Protector Limited and Rogate Capital Limited.

A “despicable” couple have been ordered to return money they defrauded by abusing their positions as Power of Attorney for elderly parents.

Two in three advisers (68%) have concerns about clients turning to AI for financial advice instead of human advisers, according to a new report.

North Wales-based Celtic Financial Planning has launched a free financial education app for youngsters as part of a drive to give back to the local community.

The Consumer Duty Alliance has appointed Chartered Financial Planner Jane Hodges to its board.

AJ Bell is to reduce the charge on its core model portfolio service (MPS) range from 0.15% to 0.12% per year from 1 October.

Adviser platform Transact is to update its API to improve how its platform connects with other Financial Planning software, including CRM systems.

Private equity firm Harwood Private Equity’s £65.8m takeover of Frenkel Topping, a Salford-based financial adviser and professional services firm, has moved a step closer after receiving FCA approval.

Assets under management and administration in the adviser platform sector rose 8% year-on-year (as at 26 March), according to a report from industry data provider and support firm Defaqto.

The Crown Prosecution Service has authorised criminal charges against two people, including a former police superintendent, in connection with a £720,000 investment scam.