The FCA’s anti money-laundering department has urged professional bodies to improve their anti-money laundering efforts after it reported ineffective supervision.

Long-established London Financial Planning firm Strabens Hall Limited (FRN 461795) has gone into administration with clients transferred to a rival business and staff transferred to a connected business.

FCA chair Ashley Alder has been cleared of wrongdoing against two whistleblowers who alleged he had failed to keep their names confidential.

Platform and investment manager 7IM has added new tools and functionality to its platform following feedback from advisers and clients.

Adviser fintech and back office provider Intelliflo has linked with cash savings platform Insignis Cash to offer advisers a cash management solution to their clients.

Members of adviser support network SimplyBiz have adopted more than 1,000 Defaqto Engage licenses since it offered free access to an enhanced version of the Financial Planning system five months ago, the firm said.

A new trade body has been launched to represent the £1trn investment platforms industry.

The Chartered Insurance Institute is encouraging members to adopt its Professional Map as a useful tool to help meet the regulator’s Consumer Duty requirements.

Nearly half (49%) of workers aged 50 or older want to phase into retirement (32%) or have already done so (17%), according to a new survey.

Stonehage Fleming’s advice team won two awards, including Financial Advisor Team of the Year, at the STEP 2024 Private Client Awards last night.