The FCA has fined Commerzbank AG (London Branch) £37.8m for failing to operate adequate anti-money laundering (AML) systems and controls between October 2012 and September 2017.

A new poll of Personal Finance Society members suggests nearly 90% of Financial Planners will never return to the way they worked before the pandemic.

The Financial Conduct Authority has fined Lloyds Bank, Bank of Scotland and The Mortgage Business over £64m for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

Fintech firm Wealth Wizards, which combines Chartered Financial Planning and robo advice, has launched an automated ‘algorithmic’ abridged advice service for DB transfers.