Net retail sales of investment funds returned to positive inflows of £1.6bn in November, following the UK Budget and US election.

The Financial Services Compensation Scheme (FSCS) has managed to keep management expenses for the coming year under control but still faces imposing a £129m levy increase in 2025/26.

A Glasgow-based adviser firm has been declared in default by the FSCS, opening the door to ex-clients to make claims for compensation.

Financial Planning and wealth management group Kingswood has appointed interim CEO Peter Coleman, former CEO of Positive Solutions, as its permanent CEO six months after the departure of David Lawrence.

Unity SIPP, part of the £1.2bn failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).

The Attivo Group, parent firm of Chartered Financial Planning firm Attivo, has launched a new investment firm in partnership with SEI.

Change management specialist Marc Harris has joined the Financial Ombudsman Service (FOS) as its new chief operating officer.

Compensation for a typical pension transfer redress case continued to fall in the fourth quarter, with many claimants now receiving no compensation, according to a new report.

Vanguard products dominated the top 10 most recommended multi-asset and single asset investment solutions in 2024, according to new data from Defaqto.

The financial services sector has seen a sharp fall in optimism since Chancellor Rachel Reeves’ first Budget in October, according to the latest quarterly CBI Financial Services Survey.