Over a million people have become financially responsible for both younger and older family members according to a study.

The Caribbean Financial Planning Association has been celebrating its seventh anniversary this week.

Axa Wealth has reported its overall funds under management have grown 10 per cent to £27billion in the last 12 months.

The taxman has rubbished a report stating that many retirees will be "clobbered" with a 45% tax next April if they use the new pension reforms to take out some of their funds.

The Financial Conduct Authority has banned an adviser and fined him nearly £300,000 for "reckless" actions and lacking integrity.

A financial advisory firm has brought in a director from Barclays Wealth and his former team to head up a new look national IFA operation.

Paraplanning must continue to move towards being a recognised career with a minimum level of qualification established, a CFP professional and Paraplanning firm co-owner says.

A major campaign to make the public aware of the benefits of Financial Planning is just a month away.

Fund managers with more than £1 trillion assets under management will be quizzed on their stewardship activities on behalf of pension savers.

Purchases of investment trusts by advisers and wealth managers on platforms have reached a record high of £120.9m, the Association of Investment Companies has reported.