Old Mutual Wealth, the South African-owned provider going through a major restructuring, plans to rebrand as Quilter next year in a move that will mean its adviser network Intrinsic rebranding as Quilter Financial Planning.

The Consumer Prices Index (CPI) 12-month rate was 3% in October, the same as September after rising from 2.6% in July to 2.9% in August, mainly due to rises in clothing and motor fuel costs.

SIPP provider STM Group has issued a statement today that its chief executive Alan Kentish has been released from arrest by the Royal Gibraltar police as of 13 November “without any charge.”

The FCA will take over regulation of binary options from the Gambling Commission from 3 January in the wake of a growing number of investment scams which have cheated investors out of millions.

Aviva has agreed to acquire Irish insurer Friends First Life Assurance Company (Friends First) for €130m (£116m).

The Pensions Regulator has warned that it will take firm action, including prosecution, against employers who fail to pay into pensions after its first successful court case against an employer for failing to contribute to an auto-enrolment scheme.

The FCA has issued a Consultation Paper today outlining a proposal to potentially charge firms up to £100 year for paper fee invoices.

Shares in SIPP provider STM Group were suspended from the AIM market today at 7.30 am as the group - whose chief executive was arrested in October - announced an acquisition.

Rapidly expanding Financial Planning business AFH has acquired Colchester-based Financial Planner Britton Financial for £2m, adding £57m of funds under management.

Six members of a crime group have been jailed for a total of 45 years for a £107.9 million, eco-investment tax scam believed to be one of the UK’s biggest tax crimes.