The Financial Services Compensation Scheme has increased the speed it is settling LCF claims and has so far paid out £13.5m to 844 people hit by the collapse of the mini-bond firm.

The CISI is urging UK Financial Planners to get involved in this year’s Financial Planning Week to help consumers cope with the “huge shock” of Covid-19.

HMRC has reported that  £2.3 billion was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.

Shareholders of wealth manager Smith & Williamson have voted today to approve the merger of the company with Financial Planning and wealth management rival Tilney.

Mattioli Woods, the SIPP and wealth management firm, has received FCA approval for its £25m takeover of private client firm Hurley Partners.

Walker Crips, the investment management firm with a Financial Planning-focused wealth management division, has reported full year profits for the year ended 31 March up 97% to £963,000.

Crispin Odey, founding partner of Odey Asset Management, has been charged with indecent assault and is due to appear in court on 28 September at Westminster Magistrates Court.

The Financial Conduct Authority may require property fund investors to give 180 days notice of withdrawal in future.

Only 27% of Britons would speak to a Financial Planner if they received £500,000, according to new research.

Three pensions and investments professionals have been nominated for lifelong peerages and are likely to join the House of Lords this year.