The Financial Conduct Authority has launched High Court proceedings against an unauthorised investment firm and its sole director, Mr Daniel Willis, over £2.8m owed to investors.

The number of Certified Financial Planner professionals worldwide has topped 213,000 for the first time - a 10-fold increase since 1990 when the qualification first went international.

Wealth manager and SIPP provider Mattioli Woods has today reported a sharp rise in pre-tax profits by 45% to £4.8m in its interim results for the six months ended 30 November.

Alan Carruthers, chairman of wealth manager and Financial Planner Brooks Macdonald, has resigned with immediate effect due to health issues.

Nearly three in 10 High Net Worth individuals (28%) are considering cutting back their pension contributions as the cost of living crisis bites.

Pension savers from the ethnic minorities are far less likely than white Britons to save into a pension scheme.

After years in the doldrums, cash ISA rates are rising rapidly thanks to rapid increases in the bank rate which rose to 4% last week.

The FCA has launched a drive to support firms through the transition to the new Consumer Duty requirements in July.

The Personal Finance Society board is to investigate complaints from parent body the Chartered Insurance Institute that it has made a number of governance failings.

SIPP provider and wealth manager Mattioli Woods - and its sister fund management company Amati Global Investors - have donated nearly £170,000 to charities across the country.