An HSBC boss has been snapped up to become the new group chief executive at investment manager and financial advice group Brooks Macdonald, as co-founder Chris Macdonald steps down from the role.

A business development director with more than a decade of experience in the asset management sector has been hired by Legg Mason.

Financial Planners and Paraplanners are being invited to attend a free seminar in London on DFM due diligence being run by the online DFM forum DISCUS and Financial Planning Today.

Changes that Sipp providers are being told to make to their illustration systems are ‘nonsensical’, a pensions firm director says.

Nearly 2,000 delegates are heading to The Personal Finance Society’s Financial Planning Symposiums starting next month.

Another misselling scandal has been prevented after the ticking ‘timebomb’ of annuity re-sales was defused.

The Government has axed plans for a secondary annuities market over fears about consumer protection in a surprise announcement late this afternoon.

The Personal Finance Society has this morning officially launched a new smartphone app to help its members with information about key events.

A complaint from a St. James’s Place Wealth Management client over claims of being “misled about tax benefits” has been partly upheld, with the ombudsman saying the adviser had failed to reach the right conclusion.

The FCA has told Standard Life to review all non-advised annuity sales from July 2008 following a probe of the sector.