The Financial Conduct Authority has won an interim restitution order of £676,000 against 5 of the 7 defendants accused of carrying on unauthorised deposit taking.

Wealth manager and SIPP provider Mattioli Woods has bought London-based Financial Planner Montagu Limited in a deal worth up to £2.34m. 

Retirement solutions and platform provider Embark has launched an Investment Pathways tool to help non-advised customers move their pensions into income drawdown.

Expanding wealth manager and Financial Planner Kingswood has launched an ESG bond fund.

Simon Cogman-Hellier, CEO of the new Leicestershire-based IFA consolidator Radiant Financial Group launched last year, has spoken exclusively to Financial Planning Today about the firm’s acquisition pipeline, doing business during lockdown and how his psychology background has influenced his career.

Independent Wealth Planners has rebranded its Welsh regional hub Bartholomew Hawkins Asset Management as Maven Wealth Management and appointed Wes Nixon as new CEO.

Financial adviser Frenkel Topping has acquired two specialist clinical injury law firms for a total of £9m only a few months after revealing it was shifting its strategy away from acquiring adviser firms.

Wealth manager trade body PIMFA has called for radical reform of the advice sector to reach more consumers.

Royal London has launched its Investment Pathways to help non-advised customers move some or all of their pensions into income drawdown. 

Nearly 1 in 3 financial advisers believe that the FCA’s new ‘Investment Pathways’ pension reforms - which come into effect today - will cut demand for retirement advice although some expect a boost to advice demand.