Financial Planner and professional services firm Progeny Group has added two new non-executive directors as it restructures its board as founder Neil Moles steps back.

Companies House will require directors and people with significant control of companies to verify their identities with the register from 18 November.

The Financial Ombudsman Service processed 68,000 new complaints between April and June 2025, a 9% fall year-on-year.

The latest  figures from fund manager trade body the Investment Association (IA) suggest that UK investors have split into two camps on the direction of markets - some investing to take advantage of recovery and others nervous about prospects.

The FCA has decided to no longer seek a £5.95m financial penalty against Nailesh Teraiya, formerly sole controller and chief executive of Indigo Global Partners Limited (Indigo).

One in ten (9.9%) of new savers opted out of pension contributions in the third quarter of the 2024-25 tax year, according to the latest statistics from the Department for Work & Pensions.

Direct platform assets grew 8.2% to a new record of £441bn in the second quarter, according to analysts Fundscape.

Net inflows rose 182% year-on-year to £4.3bn for wealth manager and Financial Planner Quilter in the first half of the year.

Octopus Money has agreed to buy Virgin Money’s investment business for an undisclosed amount, subject to FCA approval.

The FCA has today (5 August) secured a confiscation order against Reuben Akpojaro, the fourth individual involved in a £1.2m investment scam which saw 120 investors conned out of their savings.