The Strathkelvin Credit Union Limited in the Glasgow are has been declared in default by the Financial Services Compensation Scheme, opening the door to members to claim compensation expected to be in the region of £1.96m in total.

Cheshire-based Financial Planning firm Clarion Wealth Planning has added four new staff as it continues to expand.

Bestinvest, the D2C arm of Tilney Smith & Williamson, is to axe most ad hoc SIPP fees from 1 March as part of a wider shake-up of fees and services.

A third (33%) of financial advisers say clients want more contact time with them outside of traditional working hours, according to a new report.

Inheritance tax receipts for April 2021 to January 2022 rose £0.7bn year on year to £5bn, an increase of over 16%.

Financial Planning and professional services firm Progeny is to acquire Chartered Financial Planning firm RU Group.

Acquisitive Chartered Financial Planning firm Fairstone has hit £100m of revenues and secured its third acquisition of the year.

AJ Bell has opposed FCA plans for a default investment fund for non-workplace pensions.

The average stocks and share ISA provided a return of 6.92% over the past 12 months - well down on the 13.55% seen in the previous 12 months.

The acquisitive Financial Planning and wealth management firm Kingswood has today completed its deal to buy South-Yorkshire-based DJ Cooke (Life & Pensions) in a deal worth £1.5m.