Wealth manager and Financial Planner Brooks Macdonald has appointed chief financial officer Andrea Montague as its new group chief executive to replace Andrew Shepherd, who will retire after 22 years with the group.

Söderberg & Partners Wealth Management, the fast growing Scandinavian firm building a presence in the UK, has recruited Paul Boston as its new chairman following the death of former chairman Bill Vasilieff last year.

Inheritance Tax receipts are rising strongly along with a number of other tax revenues, producing a mini-windfall for the government.

The Financial Services Compensation Scheme, the government’s financial safety-net for consumers, has declared two financial adviser firms as failed this week.

The FCA has urged victims of unauthorised financial adviser Ian James Hudson to come forward by 3 July after a court ordered compensation for his victims. 

The FCA and the Metropolitan Police have arrested two people suspected of running an illegal cryptoasset exchange.

Newcastle Financial Advisers, the advice arm of Newcastle Building Society, has acquired the Keith Dyson Financial Consultancy for an undisclosed sum.

The Bank of England's Monetary Policy Committee (MPC) has voted 7-2 to keep the bank base rate at 5.25% for the seventh time amid signs that a potential base rate cut could come in the second half.

Barnett Waddingham (BW) has appointed Nick Cooper as its new head of propositions for SIPP.

Clients who purchased investments through Kensington advice firm London Court Limited (FRN 146522) are being targeted by scammers.