Michael O'Brien, a non-executive director of asset manager Aberdeen Group and a widely experienced senior executive in the investment industry, passed away unexpectedly on Saturday, the company said.

Platform and SIPP provider AJ Bell increased its platform customer numbers by 9% to 593,000 over the past six months, the business reported today in interim results.

The Financial Conduct Authority has banned Detelina Subeva, a former vice president of investment manager and global bank Credit Suisse, from the UK financial services industry. 

Financial Planner and wealth manager Saltus has acquired £400m AUM Herts-based Financial Planning firm Delta Financial Management.

The FCA has imposed sweeping restrictions on app-based London wealth management firm Strowz Ltd (FRN 792373) in response to “significant concerns” about the firm and its handling of client money.

The Financial Services Compensation Scheme (FSCS) has lowered its annual levy expectation for 2025/26 to £356m.

The FCA is to consolidate its complaints returns in a move which it claims will ease unnecessary red tape burdens on firms.

Almost three in five (58%) 30-to-60 year old investors have increased interactions with their financial advisers in the last 12 months, according to a new report.

The boards of the 120,000 member Chartered Insurance Institute (CII) and its subsidiary the Personal Finance Society (PFS) have held a joint meeting this week following the latest in a wave of resignations to hit the PFS.

Financial advisers who are not accredited in family law are missing out on the divorce and separation market, estimated to be worth £500m a year in England and Wales, according to a new report.