Shirley Garrood, senior independent director at Hargreaves Lansdown, is to step down at the end of 2020 in order to take up the position of chair of Royal London Asset Management in 2021.

Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.

Quilter Private Client Advisers’ has won part of its legal case against a former adviser employee but the high court found its restrictive covenants were excessive and not enforceable.

The UK economy grew by 0.4% in October as the economic recovery continued to slow with the UK economy remaining around 8% below its pre-pandemic peak, according to the latest figures from the Office for National Statistics (ONS).

The Financial Conduct Authority has banned an ex-financial adviser Shruti Patel who stole £169,000 and operated in the sector under six aliases.

Financial Planning and retirement savings specialist Punter Southall Aspire has appointed Bryan Parkinson as its managing director of Financial Planning.

The political elite are as likely to vote for a proposed wealth tax “as turkeys voting for Christmas, according to Canada Life responding to the proposal of a one-off wealth tax from the Wealth Tax Commission.

Chartered Financial Planning group Fairstone has acquired South West-based Sabre Financial in its ninth acquisition of 2020.

The Pensions Policy Institute (PPI) and Age UK have called on the government to provide early access to the state pension for those within three years of their state pension age  who are unlikely to be able to work again due to caring responsibilities, a disability, or long-term joblessness caused by the Coronavirus pandemic.

Over half of Britons (56%) see investing as “too much of a gamble” for them right now, according to new research.