The Association of Investment Companies has criticised proposed FCA reform to Key Information Documents (KIDs) as “tinkering around the edges” and wants KIDs suspended prior to major reform.

OpenMoney, a low cost online financial advice service, has launched an automated annual review service to nudge clients to update their financial details, investment goals and risk preferences at least once a year.

The FCA has today published final rules to “streamline and simplify” the prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID). 

Chancellor Rishi Sunak will deliver his Spending Review and Autumn Budget this week at lunchtime on Wednesday, 27 October.

The FCA confirmed today that that it will go ahead with its plans for long-term investment funds aimed at sophisticated investors and pension funds, potentially opening them up later to some retail investors.

Rebecca Kowalski, a PFS Fellow and former Paraplanning manager, has launched a sustainable investment consultancy for IFAs on the eve of the COP 26 environmental summit in Glasgow.

Nearly 48% of people have built up a bigger ‘rainy day’ fund during the pandemic to cover spending for up to six months - although 20% of people said their savings fell during the crisis. 

Wealth manager and Financial Planner Tilney Smith & Williamson has appointed former Aviva financial adviser Neil Thornton as a Financial Planner.

Over 9 in 10 (92%) of high-net-worth consumers underestimate how much money they will need for a comfortable retirement, according to new research.

International wealth manager deVere plans to doubled its commitment to ESG investments to $2bn (£1.45bn).