The Financial Services Compensation Scheme, the government’s financial safety-net for consumers, has declared two financial adviser firms as failed this week.

The FCA has urged victims of unauthorised financial adviser Ian James Hudson to come forward by 3 July after a court ordered compensation for his victims. 

The FCA and the Metropolitan Police have arrested two people suspected of running an illegal cryptoasset exchange.

Newcastle Financial Advisers, the advice arm of Newcastle Building Society, has acquired the Keith Dyson Financial Consultancy for an undisclosed sum.

The Bank of England's Monetary Policy Committee (MPC) has voted 7-2 to keep the bank base rate at 5.25% for the seventh time amid signs that a potential base rate cut could come in the second half.

Barnett Waddingham (BW) has appointed Nick Cooper as its new head of propositions for SIPP.

Clients who purchased investments through Kensington advice firm London Court Limited (FRN 146522) are being targeted by scammers.

NatWest Group plc has signed a deal today to acquire Sainsbury’s Bank’s retail banking assets and liabilities and its 1m customer accounts for £2.5bn.

Over half (55%) of savers over 25 believe that government support for retirement will decrease by the time they reach retirement age, according to a new report.

Discretionary wealth manager Quilter Cheviot has teamed up with the Big Four accountancy firms to help the accountants’ employees and families manage their investment portfolios.