The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the industry for 2024/25 to £265m.
The FCA has fined HSBC Bank plc, HSBC UK Bank plc, and Marks and Spencer Financial Services plc (HSBC) £6.28m for failures in its treatment of customers who were experiencing financial difficulties.
Investment platform AJ Bell has reported a 47% increase in pre-tax profit £61.4m for its first half of 2024 which ended on 31 March (HY23: £41.9m).
Nine in 10 financial advisers expect increased speed and operational efficiency from the use of AI, according to a new report.
Investment platform Hargreaves Lansdown (HL) has rejected a £5bn takeover bid from a private equity consortium.
HSBC Life (UK) has opened up its Onshore Investment Bond to UK corporate investors following demand from advisers.
The 2024 ISA season was a ‘damp squib’ with several platforms recording net ISA outflows, according to a new report from consultancy Fundscape.
Prime Minister Rishi Sunak has called a surprise general election for 4 July.
The acquisition by adviser platform Nucleus’ of fintech Third Financial has gained approval from the FCA, taking the deal a step closer to completion.
CPI inflation in April fell to 2.3%, down sharply from 3.2% in March, ONS reported today.