Pension adviser Portal Financial Services LLP has shut its doors to new business following a string of complaints to the Financial Ombudsman Service, many brought recently by Claims Management Companies.

Openwork Partnership, one of the UK’s largest financial advice networks, is planning a staff return to a revised 5 day a week office working model from 6 September if the government further eases Covid-19 restrictions.

There has been a surprise decline in the number of advised clients ‘phasing’ retirement since the pandemic.

Former Standard Life Aberdeen joint chief executive Martin Gilbert’s AssetCo has acquired a 30% stake in Parmenion Capital Partners.

Financial advisers will pay £82.3m towards the Financial Conduct Authority’s fees for the coming year, according to its annual fee policy statement.

Financial Planners have shared their thoughts with Financial Planning Today on the Chartered Insurance Institute’s (CII) plans to deregister the Personal Finance Society (PFS).

The Financial Conduct Authority has urged 20 remaining victims of an illegal investment scheme to come forward after Southwark Crown Court ordered compensation be paid.

The Chartered Insurance Institute (CII) has appointed Peter Blanc, CEO of chartered insurance broking firm Aston Lark, as its president for 2022.

Wealth management and SIPP firm Mattioli Woods has completed its deal to acquire private equity firm and alternative asset manager Maven Capital Partners UK LLP.

Troubled wealth firm Dolfin Financial (UK) Ltd has entered into administration after having restrictions imposed by the Financial Conduct Authority (FCA) in March.