AFH Financial Group, the Financial Planning-led wealth manager, is to raise up to £20 million on the stock market through a bond issue to fund future acquisitions and investment.

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.

The Pensions Regulator (TPR) has issued new guidance on DC investments.

Tributes have been paid to former Association of British Insurers director Peter Montagnon who died suddenly on Tuesday.

The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

Acquisitive Financial Planner and discretionary manager Harwood Wealth Management has reported a 74% rise in pre-tax profit to £1.63m in its half year interim results out today.

Edinburgh-based SVM Asset Management has appointed Jonathan Beckett and Jonathan Hewitt as non-executive directors to its main board.

UK wealth management group Tilney has appointed Grant Morrice as a Financial Planner.

The Personal Finance Society (PFS) has backed comments made by Andrew Bailey, chief executive of the FCA, and Charles Randell, chairman of the FCA about the need to simplify the parameter between regulated and unregulated activity.

The Financial Services Consumer Panel has published new research which looks at the potential detriment for consumers of being trapped in poorly performing financial services products.