Research has shown that 5 million over-50s plan to continue working in retirement and 300,000 of these plan never to stop.

The Financial Conduct Authority has today been recognised as one of the best organisations in the UK for race equality despite recently missing its own targets for diversity among its senior management team.

Brown Shipley, the wealth planner and investment manager, has hired Alan Mathewson as its new chief executive, subject to regulatory approval. He is due to start his new role by April.

Parmenion, the DFM and platform technology provider, has cut its initial fee and initial dealing charges to zero for all new business and top ups, it announced today.

North West Chartered Financial Planner Clarion Wealth has expanded into a new 5,600 square, foot three-storey headquarters in Alderley Edge, Cheshire, due to growing demand for the firm’s ‘lifelong’ approach to Financial Planning.

Thesis Asset Management has launched an ‘acquisition strategy’ with the purchase of Cambridge Fund Managers (CFM), a Bath-based discretionary investment manager with £30m in funds under management.

UK investors are expecting an average annual return of 8.7% on their investments over the next five years, according to fund manager Schroders which warns that these expectations are unrealistic.

The acquisitive Financial Planning business Succession Group has added £400m in funds under management with two acquisitions - Scottish Chartered Financial Planners AFS and Manchester and Stratford-upon-Avon based Inspire Wealth Management.

Wealth manager and Financial Planning firm Tilney has appointed Andrew Kirk as a Financial Planner as it continues a recruitment drive.

The Bank of England has today increased its base rate by 25 basis points from 0.25% to 0.5% - the first increase for 10 years.