The majority of independent financial advisers say they have no plans to add artificial intelligence (AI) to their client services in the next year, despite seeing the technology as an opportunity.

P1 Investment Services, operator of the P1 Platform, has appointed former Seccl manager Michelle Angell as senior client services and operations manager.

The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.

Wealth manager St James’s Place has given fund manager Schroders a £5.2bn sustainable investment mandate.

New analysis of FCA fines data by Financial Planning Today has revealed that the total sum of financial penalties imposed by the regulator in 2024 tripled compared to 2023.

Net retail sales of investment funds returned to positive inflows of £1.6bn in November, following the UK Budget and US election.

The Financial Services Compensation Scheme (FSCS) has managed to keep management expenses for the coming year under control but still faces imposing a £129m levy increase in 2025/26.

A Glasgow-based adviser firm has been declared in default by the FSCS, opening the door to ex-clients to make claims for compensation.

Financial Planning and wealth management group Kingswood has appointed interim CEO Peter Coleman, former CEO of Positive Solutions, as its permanent CEO six months after the departure of David Lawrence.

Unity SIPP, part of the £1.2bn failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).