The FSCS has declared 12 regulated firms in default over the past two months, according to its latest failed firms list published today.

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Assets in discretionary Managed Portfolio Services (MPS) have grown by 25% over the past year and 11% in the past six months, according to research and consultancy firm Nextwealth.

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More than two in five financial advisers (43%) say the increased pension flexibility brought about by the Pension Freedoms is confusing clients, according to a new report.

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London-based Chartered Financial Planning firm First Wealth has recruited Jess Biggs from Evelyn Partners to head its new sports and entertainment division.

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Sarah Pritchard, FCA executive director for supervision, policy and competition, has been promoted to be deputy chief executive. 

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Andrew McGlone will step down from being chief executive of wealth manager Quilter Cheviot later this year after 31 years with the business.

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The FCA has revealed the final rules for the new type of private stock market where shares in private companies can be traded, which will be launched later this year.

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Jersey-based investment manager Oakglen Wealth, part of global investment group Oakglen, has acquired Financial Planning firm Homebuyer Financial Services Limited, for an undisclosed amount.

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Investment manager and IFA support firm Tatton Asset Management said pre-tax profits climbed more than a quarter, 28.9%, to £21.596m, in the year to the end of March.

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Cloud-based adviser fintech provider Intelliflo has today launched two new products - the AI-driven, adviser-client relationship software Intelliflo IQ and Intelliflo Video, a video integration service for advisers.

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