Discretionary wealth manager Quilter Cheviot International has hired three Financial Planners to expand its Financial Planning proposition for international clients serviced by its Jersey office.

The FCA is proposing to increase its minimum and flat rate fees, as well as application fees, by an average 8.75% which could mean Financial Planners facing an overall hike in charges of 4.9%.

The number of people struggling to meet financial commitments has fallen by 3.5m since last year, according to new figures published today by the FCA.

Over £612m was lost to investment fraud in 2023, according to new data from crime reporting service Action Fraud.

The latest edition of Financial Planning Today magazine, the premium title for Financial Planning and Paraplanning professionals, has been published. To view click on the cover below or this link: https://bit.ly/2ZdVXWz

The Financial Services Compensation Scheme has launched an investigation into a duo of connected Dorset financial adviser firms following advice given to members of the British Steel Pension Scheme.

The Equity Release Council, the trade body for equity release providers, has published a new Consumer Duty-friendly guide to help financial advisers communicate more clearly and simply with clients about equity release.

In a trading update today XPS Pensions Group reported revenue from continuing operations rose by 20% for the year ending 31 March 2024.

Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.

More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.