Close Brothers Asset Management has appointed James Ballinger FPFS as practice director of its London advice team.

Bestinvest’s annual Spot the Dog report has named and shamed a record 150 investment funds that have performed dismally over the past three years - a 65% increase from the 91 funds in the last report and the highest number on record.

Richard Stone, chief executive of The Share Centre, will leave the business on 18 September after 14 years at the firm to “pursue other interests and opportunities.”

RMS Advisory, a new financial advisory firm founded by Rugby World Cup winner Francois Louw, has joined Financial Planning network Sanlam Partnerships. 

More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.

A new equity release product has been launched every 28 hours so far in 2020, according to new research.

The Information Commissioner’s Office has issued a fine to CPS Advisory Ltd for making more than 100,000 unauthorised direct marketing calls to people about their pensions.

Financial Planning firm Old Mill have taken on 17 new starters in one week, including nine graduates and school leavers.

Expanding Financial Planner and wealth manager Independent Wealth Planners UK (IWP UK) has acquired West Midlands based Financial Planning firm Beyond Financial.

Lloyds Bank plans to cut 865 jobs as it works to simplify the business, with the cut jobs mainly in its insurance, wealth and retail teams.