Financial advisers will see their Financial Conduct Authority fees rise by 1.5% in 2021-22 under proposals published today by the regulator.

Financial Planning Today caught up with Personal Finance Society CEO Keith Richards about his impending departure from the professional body, how he sees the Financial Planning profession's state of health and his plans for the future.

The Personal Finance Society, the 40,000-member professional body for Financial Planners, is to drop the role of CEO following the departure in June of current CEO Keith Richards.

Reputation and referrals are the most important factors when it comes to choosing a Financial Planner, according to new research.

Jupiter Fund Management has reported net outflows of £776m in the three months ending 31 March as investors turned away from UK and European-focused equity strategies.

Nearly £2m has already been lost to pension fraud this year with the true cost likely to be much higher as victims often do not realise they have been scammed for several years.

Financial advisers placed over £2bn of client money with investment platform Transact during the quarter ended 31 March.

The Financial Conduct Authority has apologised for its handing of the collapse of London Capital & Finance (LCF) and the Connaught Income Fund Series 1 and has set out its approach to assessing related complaints.

Treasury minister John Glen today announced a £120m government-backed compensation scheme for LCF mini-bond victims which will pay up to 80% of losses up to a maximum of £68,000.

The Personal Finance Society is offering 100 free memberships for two years to people who have lost their jobs due to Covid-19 and want to retrain as professional Financial Planners.