The Financial Services Compensation Scheme today declared former national IFA, pensions and employee benefits firm LEBC Group Ltd (FRN: 760755) in default after receiving 218 claims against the firm.

More than 160 Financial Planners and Paraplanners attended the annual Personal Finance Society’s Graduation Ceremony held in London recently.

Financial Planning-focused national adviser Foster Denovo has acquired East Midlands financial adviser firm 80Twenty.

Intelliflo, the cloud-based tech platform for financial advisers, has added 300 updates to its system over the past two years after feedback from customers.

Industry collaboration fintech Origo has signed up 10 annuity providers to its recently launched Origo Annuity Transfer Tracking service.

Wealth manager and Financial Planner Brown Shipley has hired experienced Financial Planner Robbie Hewitt to join its Edinburgh office as a wealth planner.

Most of failed Sipp firm PSG SIPP Ltd (PSGS), has been sold to Alltrust Services Limited with one part, Unity SIPP, sold to London & Colonial.

Private equity investor Bain Capital is moving ahead with its plans to take a significant stake in adviser network the Openwork Partnership, one of the UK’s biggest advice networks with 4,750 advisers.

The Financial Services Compensation Scheme, the industry compensation safety net, has declared three firms as failed or under investigation in the last few days, opening the door to potential claims from clients.

Milton Keynes-based Financial Planning firm Boosst is transitioning to an Employee Ownership Trust (EOT), the so-called John Lewis model.