The Financial Conduct Authority has ruled out allowing bigger SMEs to make complaints to the Financial Ombudsman Service.

The new chief executive of investment provider Hargreaves Lansdown, Dan Olley, could earn a pay, bonus and share package worth £4.826m in 2024, the company’s 2023 Annual Report reveals.

AJ Bell has promoted Ryan Hughes to be its new investments director to lead its range of multi-assets funds and the managed portfolio service for financial advisers.

Plymouth-based national IFA firm Continuum has reported assets under influence up 22% year on year to £1.86bn.

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

Expanding Chartered Financial Planner Progeny has acquired £600 AUM Scottish Chartered Financial Planner firm Carbon Financial Partners for an undisclosed sum.

Wealth manager St James’s Place has temporarily suspended dealing in its £924m SJP Property unit trust and will cut the annual management charge for the time being by 0.15%.

Advice firm Retirement Direct Limited (FRN: 183942) has been declared as failed by the Financial Services Compensation Scheme.

Industry colleagues, friends and family are mourning the death of consumer champion Caroline Rookes, chair of The Pensions Ombudsman.

New wealth manager and Financial Planner Liberate Wealth has acquired Yorkshire-based Ebor Financial Planning.