The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

Wealth manager St James’s Place has posted a record pre-tax profit for 2022 of £405.4m, up 41% from £287.6m in 2021.

Abrdn has agreed to sell its discretionary fund management business Abrdn Capital to LGT Wealth Management for £140m.

Abrdn made a pre-tax loss of -£615m last year down from a £1,115m profit in 2021, driven by a decline in investments revenue.

Financial Planners and leading industry figures who organised a charity rock concert and auction to aid Ukrainian refugees have so far raised nearly £50,000  - £10,000 more than the target.

City of London Minister Andrew Griffith has warned that the FCA’s new Consumer Duty could damage the sector and trigger a wave of spurious lawsuits, according to news reports.

Only 7% of financial advisers have firm plans to offer a stripped back ‘core advice’ service for ISA customers in line with proposals from the FCA for simplified advice, according to new research.

The Centre for Finance, Innovation and Technology (CFIT), a new government-backed national hub for fintech, launch in Leeds yesterday to boost growth and innovation in the UK.

Fund manager Vanguard is to axe its low-cost Financial Planning arm which was launched in April 2021.

The FCA and sister regulators have this week published a detailed 'Regulatory Grid' outlining revised plans for the next 24 months to allow for the Chancellor's 'Edinburgh Reforms' to be included.