A wealth management firm had to cough up £20.1 million to the Financial Services Compensation Scheme last year, it revealed today.

The FCA lacks good evidence on whether its actions are cutting mis-selling as a whole, a scrutiny review has concluded.

The UK is in danger of developing two tiers to retirement planning leading to some “sleepwalking into a later life financial crisis”, the chief executive of an investments firm has warned.

A Sipp and ISA firm, which went into administration this week, has been bought by Embark Group, the parent company of Hornbuckle, it was announced this morning.

FCA technical specialist Rory Percival is among the headline speakers at a Financial Planning conference which is expected to attract around 200 delegates next week.

Key figures from 25 businesses that deal with Sipps attended a meeting this week to agree on a plan to move to a new electronic reregistration system.

George Osborne has a “once in a lifetime opportunity” to create a tax environment to support decent living standards in retirement.

Any moves to further reduce tax relief on future pension contributions would be a “second tax grab on pension savers”.

The leaders behind moves to create a new standard for the Paraplanning profession have already held talks with professional bodies, Financial Planning Today has been told.

Have I Got News For You regular Miles Jupp entertained guests at the CISI Guernsey branch as they raised vital cash for charity.