The Centre for Finance, Innovation and Technology (CFIT), a new government-backed national hub for fintech, launch in Leeds yesterday to boost growth and innovation in the UK.

Only 7% of financial advisers have firm plans to offer a stripped back ‘core advice’ service for ISA customers in line with proposals from the FCA for simplified advice, according to new research.

City of London Minister Andrew Griffith has warned that the FCA’s new Consumer Duty could damage the sector and trigger a wave of spurious lawsuits, according to news reports.

Financial Planners and leading industry figures who organised a charity rock concert and auction to aid Ukrainian refugees have so far raised nearly £50,000  - £10,000 more than the target.

Financial Planners and leading industry figures who organised the recent Rock for Ukraine charity gig have raised over £50,000  - £10,000 more than the £40,000 target.

Abrdn made a pre-tax loss of -£615m last year down from a £1,115m profit in 2021, driven by a decline in investments revenue.

Abrdn has agreed to sell its discretionary fund management business Abrdn Capital to LGT Wealth Management for £140m.

Wealth manager St James’s Place has posted a record pre-tax profit for 2022 of £405.4m, up 41% from £287.6m in 2021.

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

The Association of Investment Companies (AIC) has launched a new programme of study to help Financial Planners and others strengthen their knowledge of investment companies.