In an upbeat response to the Coronavirus outbreak, Financial Planning Group Progeny has recruited 9 new staff and has plans to expand.

The FCA has launched High Court proceedings against 24HR Trading Academy Ltd and its sole director, Mohammed Fuaath Haja Maideen Maricar for allegedly advising on investments via social media without FCA authorisation.

A retirement advice firm has persuaded more providers to accept e-signatures and electronic verification due to the Coronavirus outbreak.

Aberdeen Standard Investments has launched a new fund investing in global mid-cap companies.

Wealth manager St James’s Place was responsible for 10% of all pension transfers analysed by pensions actuarial consultants Lane Clark & Peacock (LCP).

The total cost of the Coronavirus outbreak to British insurers is likely to total £1.2bn, according to initial estimates by the insurers’ trade body the Association of British Insurers.

Ken Davy, founder and chairman of adviser support company SimplyBiz, is to step down to become deputy chairman next year in a senior executive reshuffle.

Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results.

Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.

The CISI, the professional body which runs the Certified Financial Planner qualification, says it will consider compensating victims of the cyber attack its website suffered recently.