Plans for a new executive pay scheme at Financial Planning firm and takeover target Tavistock have fallen through after shareholders failed to support the move.

Schroders has launched a £4bn Investment Solutions business offering model portfolios and multi-asset funds.

Claims as a result of “toxic” investments within SIPPs could easily exceed £1bn, according to John Moret.

Scottish Widows technical and industry affairs manager, Johnny Timpson, has been appointed to the Financial Services Consumer Panel (FSCP) as he leaves the pension provider for an independent consulting career on 14 April.

Octopus has agreed a deal to acquire Hatch Financial Coaching which it will rebrand as Octopus Moneycoach.

Assets under administration for Curtis Banks increased by 11% to £32.4bn in 2020 (2019: £29.1bn) including five months of contribution from the Dunstan Thomas acquisition and two months contribution from the acquisition of Talbot and Muir.

The Competition and Markets Authority (CMA) has launched a new Digital Markets Unit (DMU) to tackle online competition.

The Financial Conduct Authority has published its first quarterly data for non-compliant financial promotions, as part of a drive for greater transparency on financial promotions.

Keith Richards is to step down as chief executive of The Personal Finance Society (PFS), the professional body which runs the Chartered Financial Planner designation, on 30 June.

Mike Evans has permanently stepped down as chairman of M&G to concentrate on the recovery of his health.