Financial Planners and leading industry figures who organised the recent Rock for Ukraine charity gig have raised over £50,000  - £10,000 more than the £40,000 target.

Abrdn made a pre-tax loss of -£615m last year down from a £1,115m profit in 2021, driven by a decline in investments revenue.

Abrdn has agreed to sell its discretionary fund management business Abrdn Capital to LGT Wealth Management for £140m.

Wealth manager St James’s Place has posted a record pre-tax profit for 2022 of £405.4m, up 41% from £287.6m in 2021.

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

The Association of Investment Companies (AIC) has launched a new programme of study to help Financial Planners and others strengthen their knowledge of investment companies.

Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.

Chancellor Jeremy Hunt has been urged to flesh out the growth plan he outlined in January when he announces his Budget in March.

Wealth manager Utmost International said it attracted £4.2bn gross flows and secured £1.3bn net flows for 2022 despite “a challenging macroeconomic and inflationary backdrop.”

The FCA has secured more than £100,000 to repay consumer victims of Mohammed Maricar, who set up a forex ‘trading academy’ that used WhatsApp to provide unauthorised investment advice.