Financial Planner Tavistock has sold its hybrid digital app business LEBC Hummingbird back to a wholly-owned subsidiary of original owner LEBC Holdings Limited for £3m.

Fast-growing Financial Planner and wealth manager Kingswood has acquired JFP Holdings Limited, the parent company of Cheshire Chartered Financial Planner JFP Financial Services Limited.

Adviser fintech Wealth Wizards has appointed Ben Hampton as its new chief executive.

The Financial Conduct Authority has fined investment adviser and wealth manager Julius Baer International Limited (JBI) £18m for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA.

The exodus of pension trustees is set to gather pace with the number planning to step down within a year up by a third.

The FCA is set to open the door to regulated 'simplified' financial advice to make advice cheaper and more accessible.

The Financial Services Compensation Scheme has declared in default its fifth adviser firm this month.

There has been a sharp rise in the percentage of pension savers accessing their defined contribution (DC) pension pots without advice, according to new analysis.

The Department for Work and Pensions has so far paid out a total of £209.3m for 31,817 cases of people, mainly women, being underpaid the State Pension.

The Government has confirmed that the new State Pension will rise from April by £18.70 from £185.15 per week to £203.85.