A 46-year-old man, Olumide Osunkoya, has been jailed at Southwark Crown Court today for four years for running illegal crypto ATM activity said to be worth over £2.5m.

The news this week that the FCA has axed a requirement for the boards of regulated firms to have a dedicated Consumer Duty Champion - only introduced 18 months ago - was met with some raised eyebrows.

The FCA has charged award-winning IFA Kerry Nelson and fellow director Jacqueline Stephens, who both worked for Nexus IFA, in connection with a £2m fraud.

The Personal Finance Society (PFS), the professional body for Chartered Financial Planners, has appointed two experienced planners to its board.

The FCA confirmed this week that its requirement for regulated firms to have ‘Consumer Duty Champions’ has been axed.

Wealth manager St James’s Place has launched a £92.6m share buy-back scheme after announcing a return to profitability last year.

Exeter-based Fowler Financial Planning has been granted CISI Chartered Firm status by the Chartered Institute for Securities & Investment (CISI).

Investment manager Premier Miton has rebranded with a new visual identity (see image).

Nearly nine out of ten people receiving advice are 40 and over while almost three-quarters of clients are over 50, according to a study by adviser fintech Intelliflo.

The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.