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

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.

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.

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

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

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

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.

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.

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.

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.