The FCA has imposed sweeping restrictions on app-based London wealth management firm Strowz Ltd (FRN 792373) in response to “significant concerns” about the firm and its handling of client money.

The Financial Services Compensation Scheme (FSCS) has lowered its annual levy expectation for 2025/26 to £356m.

The FCA is to consolidate its complaints returns in a move which it claims will ease unnecessary red tape burdens on firms.

Almost three in five (58%) 30-to-60 year old investors have increased interactions with their financial advisers in the last 12 months, according to a new report.

The boards of the 120,000 member Chartered Insurance Institute (CII) and its subsidiary the Personal Finance Society (PFS) have held a joint meeting this week following the latest in a wave of resignations to hit the PFS.

Financial advisers who are not accredited in family law are missing out on the divorce and separation market, estimated to be worth £500m a year in England and Wales, according to a new report.

Royal London is to acquire UK-based infrastructure asset manager Dalmore Capital for an undisclosed sum.

Inheritance tax receipts rose to £0.8bn in April, a £97m rise year-on-year (14%), according to today’s data from HMRC.

Transact has seen funds under direction (FUD) rise by 8% to £65.9bn helped by market recovery and strong inflows.

The Consumer Prices Index (CPI) jumped to 3.5% in April from 2.6% in March as a swathe of price increases on everything from energy prices to council tax and private school fees kicked in.