So far this financial year the Financial Services Compensation Scheme has declared 40 firms in default, opening the door to ex-clients to submit claims for millions of pounds of compensation.

The FCA has cancelled the Part 4A permission of Scottish firm Retirement & Investment Solutions Limited (FRN 533079) because it said it considers that the firm is carrying on no regulated activity.

Entries are open for the Chartered Insurance Institute (CII) and the Personal Finance Society (PFS) Apprenticeship Awards, the annual celebration of apprentices across insurance and financial services.

FNZ, the platform engine behind several UK investment platforms, has appointed former senior Santander banker James Dunne as its managing director, client management and business development.

Troubled wealth manager WH Ireland has sold its Henley Financial Planning team to Verso Wealth Management for up to £500,000 and will close its Henley office.

Fast-growing Chartered Financial Adviser and wealth manager Shackleton, formerly Skerritts, has acquired Norfolk-based firm Harrold Financial Planning Ltd for an undisclosed sum.

The Financial Ombudsman Service (FOS) is to begin charging claims management companies (CMCs) and professional representatives for submitting claims from April, it confirmed today.

Latest data from the FCA published today has revealed that nearly 20,000 financial promotions were pulled or amended in 2024 following intervention from the regulator - almost double the level seen in 2023.

Abby Thomas, CEO and Chief Ombudsman at the Financial Ombudsman Service, has exited the organisation this week in a shock departure.

The FCA has ruled out compensation or launching a criminal investigation into the £46m collapse of Blackmore Bonds despite complaints from investors.