The Association of British Insurers has warned that implementing the FCA’s platform switching changes by July will be “challenging.”

National wealth manager and Financial Planner Tilney has boosted its London Financial Planning team with a new appointment.

Wealth manager Kingswood has added two new board directors following an £80m private equity-led investment expected to spur ambitious expansion plans.

The steady dismantling of the Woodford empire has continued with the Woodford Patient Capital Trust, one of the firm’s best known investment vehicles, being renamed the Schroder UK Public Private Trust and management transferred to Schroders.

The most important service offered by financial advisers to clients is helping them achieve their financial goals, say advisers.

Waverton Investment Management has acquired London-based Financial Planning and investment advisory business Timothy James & Partners for an undisclosed sum.

The Financial Services Compensation Scheme has warned that there is a ‘high risk’ of a supplementary £46m levy on advisers and providers.

The Financial Conduct Authority has fined Professional Personal Claims Limited (PPC) £70,000 for “misleading consumers” through its websites and printed materials.

Expanding Chartered Financial Planner firm Fairstone has acquired nearby North East wealth manager Chilli Financial.

The FCA has launched a Call for Input (CfI) on the opportunities - and risks - that could be created by introducing an ‘Open Finance’ framework in financial services.