The Financial Conduct Authority has cancelled the permission of KBFS Financial Limited (FRN: 831504) to carry out regulated business following restrictions imposed in October over concerns about its failure to pay redress to former members of the British Steel Pension Scheme.
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National adviser network Vision Independent Financial Planning has appointed managing director Zoe King as chief executive while Paul Sweaton, former chief executive, has become executive chair.
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Three crooks who laundered funds fraudulently obtained from 350 people tricked into investing more than £12m in a boiler room fraud were sentenced on Friday.
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The FCA says a crackdown on illegal investment advertising on the internet helped cut investment fraud in 2023, with overall losses down 40%.
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Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.
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The FSCS has declared a Portuguese financial firm involved in the UK SIPP market in breach of its regulatory permissions as failed.
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Four hundred workers from The Pension Regulator will take part in a new 12-day strike starting later this month.
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Adviser platform Parmenion has added model portfolio ranges from Hymans Robertson Investment Services (HRIS), Pacific Asset Management (PAM) and Albemarle Street Partners (ASPIM).
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A rule change giving longstanding NHS staff the option of partial retirement has seen more than 3,200 medical professionals apply in the first three months.
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The challenging economic environment is leading to profound changes in client retirement decisions, according to a new adviser survey.
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