Wealth manager and Financial Planning group Sanlam UK has appointed Justine Colley as portfolio manager in its London office, where she will report to Charlie Parker, head of portfolio management.

The majority of investment funds are failing to deliver above average returns consistently over three years and the number beating the average is declining, according to research from a fund manager.

The FCA says it is disappointed it has so far failed to reach its own targets on appointing women and ethnic minority people to senior roles.

Tony Hicks has been appointed as group sales manager at the Beaufort Group, the national partnership of IFA firms, which incorporates Chartered Financial Planning arm Beaufort Financial.

The FCA is to consult on radical changes to the funding of the Financial Services Compensation scheme which could see the investment claim limits raised by over 65% to £85,000 and providers paying 25% of claims on advisers.

SIPP provider STM Group has voiced its support for chief executive Alan Kentish following his arrest in Gibraltar over allegations connected to a tax dispute and alleged failure to disclose the proceeds of crime.

More than 2,800 financial advisers have so far registered to attend next week's PFS Festival of Financial Planning which is set to be the biggest Financial Planning event to take place in the UK.

Nearly 3,000 Financial Planners, Paraplanners, Wealth Managers and IFAs are expected to attend the two day PFS Festival of Financial Planning which gets under way today at the NEC in Birmingham.

Two former Pensions Ministers have voiced strong support for independent financial advice being offered as an integral party of "everybody's" retirement planning.

More than 2,500 people attended the first day of the UK's biggest Financial Planning event yesterday, the two day PFS Festival of Financial Planning.