The FCA has fined Commerzbank AG (London Branch) £37.8m for failing to operate adequate anti-money laundering (AML) systems and controls between October 2012 and September 2017.
Preliminary findings from Financial Planning Today’s annual Financial Planning Survey - currently under way - suggest that nearly half of Financial Planning, Paraplanning and adviser firms have furloughed some staff.
Chartered Financial Planning firm Fairstone has signed up Lincs firm MT Financial Management to join its acquisition programme.
The Consumer Prices Index (CPI) 12-month inflation rate fell significantly to 0.5% in May - the lowest rate for four years.
The majority (92%) of Financial Planners have seen an increase in demand from clients for investments which have a positive impact on society, according to a new survey.
The Personal Finance Society’s e-mentoring scheme saw a surge in interest from Financial Planners as Coronavirus restrictions were introduced.
The Coronavirus pandemic has forced a widespread rethink of retirement plans as 18% change their retirement age and 20% of over-55s have considered raiding their pension savings, according to a new report.
Expanding Financial Planning firm Independent Wealth Planners UK has acquired Herts-based Richmond House Wealth Management, its second acquisition in the South East in 2020.
The Money and Pensions Service (MAPS) has published details of how it plans to spend the additional £38m funding announced by the Treasury last week to support people hit financially by the Coronavirus pandemic.