Two thirds (66%) of financial advisers see their main role during the cost-of-living crisis as providing reassurance and peace of mind for clients, according to a new report.

The Bank of England today increased its base rate by 25 basis points from 4.25% to 4.5%.

The Bank of England today increased its base rate by 50 basis points to 5% - twice the increase expected. 

A new survey suggests that potentially 3.1m more people would consider paying for financial advice but many are held back by a lack of trust.

Private equity-backed wealth manager Hurst Point has acquired well known City-based Financial Planning and wealth management firm Helm Godfrey.

A quarter (25%) of financial advisers are working with clients to release funds to help adult children, according to a new report.

The Financial Services Compensation Scheme has launched an investigation into City-based investment firm Pello Capital (FRN 449720) after FCA concerns about fraud and money laundering.

Nottingham-based Financial Planner Wren Sterling has expanded into Northern Ireland with the acquisition of Ralston Bennett Financial Planning and Aspects Financial.

Professional Independent Wealth Advice (PIWA), part of the now M&G Wealth-owned Sandringham Financial Partners, has hired a new joint CEO and new COO from Abrdn.

The Financial Conduct Authority has warned regulated firms who ignore its upcoming Consumer Duty deadline to expect “swift action.”