The Chartered Insurance Institute (CII) has appointed two new executive directors who will take up their roles in early March.

The FCA’s ban on contingent charging introduced in 2020 led to a dramatic fall in the number of DB transfers, but had little impact on fees, the regulator said.

The FCA has secured a confiscation order of £586,711 against Mohammed Zina, a convicted insider dealer.

The CISI Future Foundation has handed almost £250,000 to three UK-based charities which promote financial education.

More than 11.5m people filed their self-assessment tax returns on time but an estimated 1.1m people missed last Friday’s deadline, HMRC has said.

The Pension Protection Fund (PPF) decision to reduce the amount it will levy on defined benefit pension schemes from £100m to £45m, has been welcomed by the Pensions and Lifetime Savings Association (PLSA).

Platform assets set a new high of £1.1trn in 2024, with adviser platforms accounting for £697bn, new data from consultancy Fundscape shows.

MPs and members of the House of Lords have today criticised FCA chief executive Nikhil Rathi for his ‘unconstructive’ response to their report published in October which branded the regulator ‘incompetent.’

Wealth management trade body PIMFA has urged the FCA to reconsider the role of the Financial Ombudsman Service (FOS) and to explore consolidating the regulatory regime for claims management companies (CMCs).

Wealth manager and Financial Planner Brooks Macdonald has completed its acquisition of Chartered Financial Planners LIFT-Financial Group Limited and LIFT-Invest for £45m.