Platform Transact saw funds under direction drop in the latest quarter by £2bn compared to the same period a year earlier, according to quarterly figures out today.

Fraudster Michael Nascimento, who helped scam £2.8m from elderly and vulnerable people, has been sentenced to an additional almost four years in prison for failing to pay a confiscation order against him.

Expanding Chartered Planner HFMC Wealth has acquired central London-based Chartered Planner R&S Financial Planning.

The Personal Finance Society – currently embroiled in a major dispute with parent body the CII – is to carry out a live online consultation with members on Friday.

CPI inflation continued its recent downward trend in December for the second month with a fall from 10.7% to 10.5%.

Fast growing Perspective Financial Group Ltd has acquired £37m AUM Bucks-based firm Ian J Hunt Chartered Financial Planners.

Financial Planning software firm Dynamic Planner has tied up up a deal which will see its system used by Quilter Financial Planning advisers.

The FCA has warned that scammers may be targeting victims of the collapsed SIPP and SSAS provider Hartley Pensions.

The Financial Conduct Authority should pay compensation to individuals when it makes regulatory blunders, the Transparency Task Force (TTF) has recommended.

Nearly nine in 10 (85%) financial advisers are worried about the damage to their businesses from rising costs and 26% plan to raise fees to cope, according to a new survey.