The FSCS yesterday (1 April) declared Berkeley Burke SIPP Administration Ltd a failed firm and opened the door to claims that could eventually top £150m.

Latest figures from the Investment Association reveal that investors showed little caution in February before Coronavirus concerns hit markets.

For most people working in Financial Planning the working day has changed radically since the outbreak of Coronavirus and working from home guidance from the government. In this occasional series we’ll be asking people working in the profession to tell us how they schedule their working days.

First David Inglesfield, chief executive of fast-growing Financial Planning and wealth management firm IWP (Independent Wealth Planners).

Many popular equity funds fell more than 22% in March, according to analysis from an online investment provider.

The Financial Ombudsman Service will use £24.5m of its reserves to freeze its levies for the 2020/21 financial year.

A Wolverhampton financial adviser has been banned for 8 years after clients lost £7m due to poor pension investment advice involving SIPPs.

The Personal Finance Society, the Chartered Financial Planner professional body, has backed the FCA’s decision to defer its rule obliging advisers to send ’10% drop letters’ to clients when their investments fall by 10% or more.

Andy Bell, chief executive of platform and SIPP provider AJ Bell, has welcomed news that rules on 10% ‘investment drop’ letters will be relaxed until at least 1 October.

Key regulators and the government-backed advice body The Money and Pensions Service (MAPS)have today urged savers to keep calm and avoid panicky pension changes.

Expanding Financial Planner and IFA Ascot Lloyd has acquired Ring Associates, an East Anglian Financial Planning firm with 45 staff.