The impact of the Coronavirus pandemic had led to a large increase in the numbers of younger people taking financial advice, but financial advisers are poorly equipped to help clients deal with the emotional and psychological roller-coaster ride their clients have endured during the Coronavirus pandemic, and the impact it has had on markets and their investments, according to new research.

Aberdeen Standard Investments (ASI) has launched an emerging markets sustainable development equity fund.

The Financial Conduct Authority has appointed Sheldon Mills as the new executive director for consumers and competition, and Siobhan Sheridan as chief people officer.

The next generation of high net worth women are set to change family financial dynamics as their share of global wealth increases, but high net worth women are more likely to feel misunderstood by their financial adviser, according to a new report.

Former Financial Planner Rob Roberts, MP for Delyn (North Wales), told the House of Commons that the UK could find itself gripped by a retirement crisis if savers’ attitudes towards Financial Planning and advice did not change.

Financial Planning software suite FinCalc has added lifetime allowance (LTA) functionality to its cashflow modeller.

Private equity firm AnaCap Financial Partners has acquired the £8bn Novia adviser platform, its third platform acquisition in 12 months.

The Financial Conduct Authority has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26m for poor treatment of consumer credit customers in financial difficulties.

Global private equity firm Bain Capital, the owner of esure and other financial businesses, is to acquire the savings, retirement and protection business of mutual insurer LV= for £530m.

The Pensions Dashboards Programme (PDP) has today published its key data standards in a move which should help providers begin to get ready for the new dashboards which will give pensions savers detailed information about their retirement savings in one place.