Fast-growing international Financial Planning firm Hoxton Wealth has acquired Darlington-based Family First Financial Services for an undisclosed amount.

The average household is £31,546 short of the pension savings needed to give them a moderate standard of living in retirement, four times higher than five years ago.

National IFA Continuum saw a 23% increase in assets under influence year-on-year to £12.4bn at the end of 2024, it has revealed in financial results published today.

The FCA has received more than 630 applications from entrepreneurs to its Regulatory Sandbox initiative since it was launched in August 2021, according to the latest update on submissions.

Alternative investment fund the Novus Black Fund UK Ltd went into administration on 27 November with administrators Simon Jagger and Cameron Gunn of Evelyn appointed, the FCA has confirmed.

FCA CEO Nikhil Rathi has pledged to “revolutionise financial advice” as part of a package of reforms to break down the barriers to business growth in financial services.

The latest issue of Financial Planning Today magazine is now available and is packed with tips and insights for Financial Planners, Paraplanners, Wealth Managers and IFAs.

Mutual investment and insurance provider Royal London has selected experienced financial services executive Isabel Hudson to be its next chair and a non-executive director.

Chancellor Rachel Reeves has urged Britain’s regulators to “tear down” barriers to promote business growth.

The FCA is set to boost staff numbers this year at its expanding Leeds office from 300 to 400 with the recruitment of 100 new employees.