The financial services sector has welcomed a radical shake-up of the way the Financial Services Compensation Scheme (FSCS) is to be funded.

More than 250 financial advisers have signed up to a volunteer scheme to reach out to schools and colleges in a drive to foster youngsters’ financial education.

Nearly one in three pension savers using drawdown to fund their retirement have no investment experience and two in five (41%) of these drawdown beginners have received no financial advice or guidance, according to new research.

Sentencing in the case of two financial adviser brothers, who conned 200 pensioners and vulnerable clients out of millions of pounds, is under way at Kings Lynn Crown Court.

Quilter has revealed its dedicated multi-asset business will rebrand to Quilter Investors at the end of June 2018, as the business also announced a number of appointments to the senior management team.  

SIPP operator Curtis Banks is expanding further into the UK’s commercial property market with the launch of two new companies.



Aviva is to use surplus cash to fund a £600m share buy-back of its ordinary shares.

St James’s Place Wealth Management has welcomed 32 newly-qualified advisers seeking a new career in Financial Planning.

The FCA is set to require providers to pay a quarter of the cost of funding the Financial Services Compensation Scheme (FSCS) in a radical shake-up.

Stock market volatility and economic uncertainty have led to a sharp spike in over-50s being risk-averse with their pension savings, new research indicated.