A Welsh Financial Planning business is looking to expand rapidly after becoming directly authorised by the Financial Conduct Authority.

Chancellor Philip Hammond is believed to be ready to ban pensions cold calling in his Autumn Statement on Wednesday (23 November) after a vociferous campaign by pensions campaigners and the financial services sector including a number of financial advisers including Darren Cooke of Red Circle Financial Planning.

Research into clients attitude to wealth has revealed that people feel “wealthy” if they earn £65,810 a year and have a household income of £86,170.

The Investment Association, the body which represents most UK fund managers, says it will “engage closely” with the FCA over the coming weeks on the FCA interim report published today which criticises weak competition in the fund management sector.

The Financial Conduct Authority has found price competition in some areas of asset management to be “weak” and called for an all-in-one fee to help investors evaluate the true cost of investing. The all-in one fee would help investors “easily see what is being taken from the fund.”

The Association of British Insurers has called on the government to build on the success of auto-enrolment by raising contributions and expanding coverage.

The third issue of Financial Planning Today, our new 40-page magazine, is now live online and available first to our email newsletter subscribers.  

A Financial Planning firm has been bought by Old Mutual, it was revealed today.

Automatic enrolment increased pension saving by £2.5 billion per year by April 2015, according to a new report.

The Financial Ombudsman has ruled against an advice firm over investing in an unregulated collective investment scheme.