Andrew Croft has taken over from David Bellamy as chief executive of wealth manager St James’s Place, the company confirmed to the stock market today.

The FCA says it believes that ‘passporting’ - the ability of a firm regulated in the UK to operate around the EU - should be maintained post-Brexit during any transition period.

Pension investments rose by 66.3% year on year in the third quarter to hit £13.4bn, according to analysis from intermediary database provider Equifax Touchstone.

Four men who cheated 300 retired and often vulnerable investors out of £1.4m have been sent to jail, in one case for up to 15 months.

West Midlands-based Newell Palmer has acquired David Heffernan’s advisory practice based in Coventry.

Former FCA regulator Rory Percival will speak at an Enterprise Investment Scheme Association event aimed at Financial Planners and influencers.

The Money Advice Service has proposed a slightly increased money guidance budget of £27.2m for its final year (up £0.2m) before it merges with two other guidance bodies.

The Pensions and Lifetime Savings Association (PLSA) has welcomed the appointment of former DVLA chief executive Oliver Morley as the new chief executive of the Pension Protection Fund.

The High Court yesterday made orders against a number of persons involved in carrying out an unauthorised foreign exchange investment scheme. 

BlackRock, one of the world’s biggest fund managers, has taken a 5% stake in growing Financial Planning group AFH which has acquired over a dozen advisory firms this year.