Financial Planner and wealth manager Tilney Smith & Williamson has appointed Francesca Allard as a Financial Planning associate director.

Nikhil Rathi, chief executive of the Financial Conduct Authority, is to face questioning from MPs as part of the Public Accounts Committee’s inquiry into the British Steel Pension Scheme transfer scandal.

An Isle of Man-based wealth management and tax advice firm, AML Tax (UK) Limited, has been fined £150,000 for failing to provide HMRC with legally required information.

The Financial Ombudsman Service (FOS) has been given the go ahead by the FCA to increase its maximum compensation award to £375,000 from 1 April.

SIPP provider Heritage Pensions Limited has gone into liquidation this week after a string of upheld claims against the firm.

More than half the UK population - 29.6m adults - do not have a will, including 36% of the over-55s.

Wealth manager and boutique investment management group Oberon Investments has reported expected revenues for the year ending 31 March will be at least £6.4m, up about 70% compared to the previous year. 

The regulated financial market failed to protect the British Steel Pension Scheme members, according to a damning report from the National Audit Office (NAO) into the wave of bad advice given to BSPS members.

Long Covid cases notified by employers with group income protection (IP) policies have surged over the past year, according to Aviva.

The FCA is to consult on allowing fund managers to ring-fence or 'side pocket' sanctioned Russian investments so the funds could continue to trade.