Wild newspaper headlines about pension holders using the freedoms to splash out on Lamborghinis have helped Financial Planners steer their clients away from rash and damaging decisions.

The Financial Ombudsman Service has confirmed it will collect fees from the industry of £24.5 million in 2016/17.

1825, Standard Life’s wholly-owned Financial Planning business, is to acquire Munro Partnership Limited in Scotland as part of a plan to expand its Scottish financial planning interests.

UK portfolios are the most cautiously positioned in Europe with investors fleeing riskier assets for the relative safety of cash to shelter from turbulent global markets, according to a worldwide survey. Read more ...

TISA, the financial services association, has confirmed plans to help the industry meet the challenge set out in the Financial Advice Market Review final report and in the Budget to make the pensions dashboard a reality.

Pershing, a BNY Mellon company, is to provide full UK wrap administration and execution capabilities to Saga Investment Services, the new joint venture from Tilney Bestinvest and over-50s provider Saga.

Tavistock Investments, the acquisitve advisory firm consolidator, is to buy Abacus Associates Financial Services Limited for just under £5.2m, pushing up the number of Tavistock advisers to more than 300. 

An exit fee penalty on the new Lifetime ISA carries “a huge sense of irony”, a pensions firm boss says.

The CISI has raised concerns that the FCA could be sending “mixed messages that may devalue qualifications” if recommendations from the FAMR are implemented.

As the dust settles on the latest Budget and the analysts pore over the detail contained in George Osborne’s red briefcase, analysts have given their reaction to Financial Planning Today.