The FCA is to consult on ground-breaking proposals to launch capital-raising retail platforms to raise money for expanding firms.

The number of new equity release customers jumped by 12% to 5,240 in Q2 as the market recovered from a downturn last year, according to the Equity Release Council’s latest quarterly market report.

Fund manager Jupiter has reported pre-tax profits for the latest half year up by £3.9m to £38.7m.

Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.

The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.

Iress has added integration with artificial intelligence-powered adviser assistant tool PlannerPal to its cloud-based advice and wealth management software Xplan.

The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).

Titan Wealth has acquired Dubai-based Financial Planning and wealth management firm AHR Group for an undisclosed sum in its first international deal.

The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.

Financial advisers who gave bad advice to BSPS victims have been ordered to pay just £8.87m in fines and redress to BSPS victims - far less than the £50m expected, an FCA report out today reveals.