Fraudsters have been using a 'cloned' Blackrock Asset Management website to try to cheat investors, the FCA has warned.

A £47 million bid has been lodged for DFM Thesis Asset Management.

Half of advisers use contingent charging for DB transfers, a report published this morning suggested, as an ex-FCA specialist urged the sector to ditch the method.

About seven in ten advisers refuse insistent DB clients if their advice is not to transfer, a survey indicates.

Two Sipp firms have reported profits in their latest results, with one returning to growth after two years of losses.

Businesses have been warned they could face “criminal consequences” if they carry out activities covered by MiFiD II but fail to obtain the necessary permissions.

An FCA probe into DB pension transfer advice may involve 50-100 firms.

Financial Planning chiefs are searching for the next Chartered Financial Planner of the Year.

Kate Gannon FPFS, Manning & Company, was last year’s winner.

The Personal Finance Society has begun inviting entries from professionals.

It is also looking for a new Chartered Financial Planning Firm of the Year. LIFT Financial Group was last year’s victors in that category.

Ms Gannon said: “It was a thrill and honour to be awarded with the PFS’s flagship award last year, particularly given the calibre of other finalists from across the UK.

“There’s no better feeling than being recognised for years of hard work, professional development and commitment to the personal finance profession, and I’d encourage PFS members operating across a broad range of specialist areas to consider entering one of the prestigious award categories.”

Paraplanner of the Year, won by Warren Bentham FPFS (75point3), in 2016, and Retirement and Later Life Advice Specialist of the Year, last year won by Jonothan McColgan APFS from Combined Financial Strategies, are also up for grabs.

Investment Advice Specialist of the Year, which was won by David Thomson APFS (VWM Wealth), is also open to entry.

Members of the professional body have until 28 July to submit their stage one entries, across six categories representing the broad cross-section of the personal finance sector.

PFS chief executive Keith Richards said: “Our annual personal finance awards grow in size and prestige every year, paying tribute to those who exhibit outstanding skill and service in their respective field.

“In addition, we continue to recognise the contributions of journalists and commentators who champion the interests of consumers through their in-depth reporting and coverage of important personal finance issues.”

Last year the PFS introduced five new media categories to its annual awards programme. The list has been expanded further this year with the inclusion of a National Newspaper Personal Finance Section of the Year category and a National Newspaper Personal Finance Newcomer of the Year award.

Winners of this year’s awards will be announced on 22 November, at a gala dinner to be held at London’s iconic Roundhouse music venue. For a second consecutive year, the Personal Finance Awards will be hosted in association with NS&I.

John Griffith-Jones, chairman of the Financial Conduct Authority and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his five year term of office.

New pension investments (excluding transfers) jumped by over a third (36.8%) during Q1 2017, rising to £6.8bn from £5bn in Q4 2016.