The Financial Services Compensation Scheme (FSCS) is drawing up plans to help eligible customers of Reyker Securities, which went into special administration on Tuesday.

Reyker Securities, a firm which offered structured investments and a DFM service, has slumped into administration.

The Personal Finance Society (PFS) has published a guide clarifying what financial advisers should do to ensure work with discretionary investment services does not come back to haunt them.

The European CEO of DFM and wealth manager Canacord Genuity is to step down, according to reports.