The Bank of England’s Monetary Policy Committee has today held interest rates at 0.1%.

Over £293bn has been earmarked for younger generations by generous parents and grandparents, with more choosing to gift earlier as a result of the Coronavirus pandemic.

Platform and SIPP provider AJ Bell has acquired the mobile phone fintech Adalpha to boost its digital offering to financial advisers.

Investment fraud victims are suffering £373m of repeat fraud a year and can lose even more than they lost the first time they were conned, according to police data.

Fund manager James Anderson, joint manager of Baillie Gifford’s popular Scottish Mortgage Investment Trust, is to retire from Baillie Gifford after 40 years with the firm.

MAPS, the government-backed consumer personal finance guidance service, is to launch a single unified brand for consumers this summer called MoneyHelper.

To mark World Poetry Day on Sunday leading Paraplanner Caroline Stuart FPFS has penned an ‘Ode to Paraplanning.’

The FCA is to extend the Coronavirus freeze on 10% drop notices until the end of the year and will consult on their future in the spring.

The latest edition of Financial Planning Today Magazine is out now and features an exclusive report on how Financial Planners are coping with the storm of platform M&A. 

A 61-year-old man has been extradited from Spain in connection with a £13.7m pension fraud prosecution being brought by The Pensions Regulator (TPR).