Succession has secured an investment package of over £25 million from HSBC and its existing shareholders (including Inflexion Private Equity) to continue its growth strategy.

The next Paraplanner PowWow - the ‘unconference’ for Paraplanners - is taking place in under two weeks in London.

The Chartered Insurance Institute and its PFS arm have voiced support for free, impartial public financial guidance in response to Treasury proposals - but say the new body must have a statutory duty to 'champion' the benefits of professional financial advice.

Old Mutual Wealth appoints new head of Financial Adviser School in revamp

Darren Smith has today been appointed head of the Financial Adviser School (FAS) as part of a move to set a clearer direction for the not-for-profit organisation which was acquired by Old Mutual in February.

The Financial Conduct Authority has banned Mark Kelly and Patrick Gray from working in the financial services industry on the basis that they lack integrity after £24m of client money was invested in ‘unsuitable investments’, it said today.

Schroders has unveiled the Schroders International Selection Fund (ISF) Global Multi Credit fund which will invest actively across global credit markets, including investment grade, high yield, EM sovereign, credit and convertibles to take advantage of global opportunities.

The Financial Services Consumer Panel has raised concerns that the abolition of MAS could leave consumers stranded and without a source of impartial financial guidance.

Adviser software provider Intelliflo has named the investment providers who will support its robo-advice style Automated Advice Service aimed at clients of advisers using its Intelligent Office (iO) Personal Finance Portal.

Research by NFU Mutual has found that over three-quarters (79%) of UK adults have not discussed inheritance issues with their family.

Richard Wilson has been appointed CEO and CIO of BMO Global Asset Management with immediate effect. The 28-year investment management veteran replaces Rajiv Silgardo who is retiring from the company.