Lloyds Bank plans to cut 865 jobs as it works to simplify the business, with the cut jobs mainly in its insurance, wealth and retail teams.

Expanding Financial Planner and wealth manager Independent Wealth Planners UK (IWP UK) has acquired West Midlands based Financial Planning firm Beyond Financial.

A new equity release product has been launched every 28 hours so far in 2020, according to new research.

Financial Planning firm Old Mill have taken on 17 new starters in one week, including nine graduates and school leavers.

The Information Commissioner’s Office has issued a fine to CPS Advisory Ltd for making more than 100,000 unauthorised direct marketing calls to people about their pensions.

More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.

RMS Advisory, a new financial advisory firm founded by Rugby World Cup winner Francois Louw, has joined Financial Planning network Sanlam Partnerships. 

The latest edition of Financial Planning Today Magazine is out and includes an exclusive Cover Feature on how Financial Planning professionals are leaping the hurdles created by the pandemic.

Richard Stone, chief executive of The Share Centre, will leave the business on 18 September after 14 years at the firm to “pursue other interests and opportunities.”

Bestinvest’s annual Spot the Dog report has named and shamed a record 150 investment funds that have performed dismally over the past three years - a 65% increase from the 91 funds in the last report and the highest number on record.