The sheer scale of the financial scams and cons facing the UK came home to me this week with the publication of the FCA’s latest report on the many suspect financial promotions it had tackled over the past year.

Less than half, 48%, of mid-retirees aged 65-75 who do not pay for financial advice are confident they are on track to make their pension savings last for life.

The FCA suspended, removed or blocked more than 1,600 websites last year where it suspected them of promoting financial services products and services without permission.

The Financial Conduct Authority it to review its client categorisation rules to ‘unlock more opportunities for wealthy investors’.

Financial Planning community NextGen is to rebrand to Plannex to better reflect its membership and what it offers.

Net outflows rose 22% for Liontrust Asset Management in the three months ended 30 June (Q2 2024: £0.9bn).

Wealth manager Brooks Macdonald saw £5m of net outflows in the quarter ending 30 June, a 96% fall from the £129m reported the previous quarter and its lowest outflows for two years.

Jupiter Fund Management is to acquire specialist asset manager CCLA Investment Management for £100m.

Andrew Bailey, governor of the Bank of England, has registered his opposition to Government plans to set asset allocation targets for pensions under its new Pension Schemes Bill.

Fintech firm Plannr has partnered with SmartSearch to add anti-money laundering (AML) verification and monitoring technology to its CRM platform.