The Financial Conduct Authority has today fined Deutsche Bank AG £163,076,224 for failing to maintain an “adequate anti-money laundering (AML) control framework” on movements of billions of dollars of money and investments from Russia.

An advisory group is plotting a string of IFA takeovers with a £6.7m war chest.

The number of pension transfers out of DB scheme cases that were analysed by advisers and Paraplanners in 2016 rose significantly, research suggests.

The chair of the Investment Association has been hired by Legal & General Investment Management.

The names Towry and Tilney Bestinvest look set to disappear as Tilney undergoes a major rebrand following the takeover.

A Chartered Financial Planning firm has sold its DFM arm.

More than 75% of adviser firms are considering hiring more staff – but just a third will offer graduate schemes.

Money from fines imposed by the FCA should be paid to regulated firms, the regulator has been told.

This year’s retirees will have the highest income since 2008 following four consecutive years of increase in income.

An ex-FCA director, whose career includes spells Prudential and Fidelity, has been recruited by a wealth management firm.