Omnis Investments Limited, Openwork’s £7bn specialist asset management company, is launching nine new funds and the appointment of four new investment managers.

Claims management companies (CMCs) - so-called ‘ambulance chasers’ - must do more to ensure their promotions do not mislead potential customers according to the FCA.

SIPPs and SSAS firm Talbot and Muir has warned that a number of SSAS arrangements face “significant costs and delays” on transfers to a more suitable vehicle, such as a SIPP.

Andrew Tinney, the former chief operating office of Barclays Wealth who was censured today by the FCA over his conduct, says the regulator “went after the wrong man.”