Newcastle-based Financial Planning firm Professional Wealth Management (PWM) has recruited former Newcastle Falcons professional rugby players Alex Tait and Will Welch for new careers as Financial Planners.

Fast-growing wealth manager and Financial Planner Perspective has made three new acquisitions, adding £250m in AUM and boosting its total number of adviser firm takeovers so far this year to 15.

The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.

The FCA has asked nine banks and savings providers to provide assessments on what value their savings products offer after concerns about value for money.

Data and research provider Defaqto has strengthened its DFM data for financial advisers via a new partnership with financial strength ratings provider AKG. 

Wealth manager and Financial Planner Evelyn Partners has completed its takeover of City of London-based Dart Capital, a boutique wealth manager with £750m in assets under management and 19 staff.

Growing national adviser Loyal North has acquired Financial Planning firm Quay Financial Planning in Kings Lynn to expand its reach in the east of England.

IBOSS, the investment management arm of Financial Planner and wealth manager Kingswood Group, is to cut the Ongoing Charges Figure (OCF) on all 32 of its DFM MPS portfolios.

Nucleus Foundation, the charitable arm of platform Nucleus, has teamed up with Verve Foundation, the charitable arm of industry support services firm Verve, to fund 10 women to join the ‘We Are Change’ programme which opens the door to a career in Financial Planning.

The Information Commissioner’s Office (ICO) - the body which enforces data protection standards - has warned firms to use alternatives to the blind carbon copy (BCC) email function when sending emails  following a number of business data blunders.