The Financial Conduct Authority has demanded improvements in the later life mortgage / equity release sector after finding evidence of poor advice and misleading promotions.

The FCA has cancelled the regulatory permissions and withdrawn the authorisation of Leeds-based financial advice firm Gainsborough Financial Services (GFS).

Expanding South Coast-based wealth manager and adviser firm Skerritts Group has acquired Kent-based Financial Planning firm Ambrose Fisher.

Fund manager Artemis is planning to launch a new fund focused on global consumer brands.

Funds under management rose 7.5% year-on-year to £16.8bn (2022: £15.7bn) for wealth manager and Financial Planner Brooks Macdonald.

The FCA has banned financial advisers Keith Dickinson and Andrew Allen for British Steel Pension Scheme transfer advice failings and ordered them to pay £155,000 in compensation.

The Advertising Standards Authority has censured equity release firm Key Retirment Solutions for a TV commercial which featured a cartoon sketch of a couple receiving financial advice.

Major Swedish wealth manager Söderberg & Partners has acquired a majority stake in a London IFA firm and taken minority stakes in two other UK advisers as part of its expansion drive in the UK.

Wealth manager St James’s Place (SJP) has hired former Prudential boss Mark FitzPatrick to be its next CEO.

Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.