Wealth manager trade body PIMFA has branded the FSCS’s budgeted levy for 2020/21 of £635m as “totally unsustainable” and says the levy must be reformed.

The FCA issued 400% more clone and scam firm warnings in 2019 than in 2015, according to a Freedom of Information request obtained by Financial Planning Today.

KBL European Private Bankers, the parent of UK private bank and Financial Planner Brown Shipley, is to rebrand as Quintet.

Data and ratings provider Defaqto has unveiled a new Pension Switching add-on for its end-to-end Financial Planning tool, Engage Core.

The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.

The CPI rate of inflation fell from 1.5 % in November to 1.3% in December, ONS reported today.

Sesame Bankhall Group (SBG) has recruited Michele Golunska, Aviva UK’s operations director, as its new chief executive.

Former Pensions Minister Sir Steve Webb is to join pensions and investment consultancy Lane Clark & Peacock LLP as a partner.

Moola, one of the smaller robo-advice firms, is to shut its doors in February after changing hands several times over the last few years.

The Personal Finance Society is to launch a campaign to “weed out” rogue firms operating in the Claims Management Company (CMC) sector.