The Financial Services Compensation Scheme (FSCS) has declared 16 firms in default, including a number of financial advisers and wealth managers.

Nearly half (46%) of advised clients have undergone a comprehensive review of their financial situation since the start of the Coronavirus pandemic, according to a new report.

Schroders Personal Wealth (SPW) has made a series of Financial Planner hires to boosts its regional presence.

SIPP provider iPensions Group has acquired the business assets of closed SIPP firm Forthplus Pensions.

The Online Safety Bill must include criminal offences to tackle scam financial adverts to tackle the “Wild West online”, according to a report from MPs and Peers today.

The FCA says 24 people have been charged so far in relation to a £400m money laundering ring centred on NatWest and a Bradford jeweller.

National Westminster Bank has today been fined £264.8m at Southwark Crown Court for money laundering in one of the biggest cases of its kind in the UK. 

Former Greenpeace campaigner Eugenie Mathieu is to be one of a team of experts helping to run two new ESG funds being launched by Aviva Investors in an expansion of its range.

Royal London confirmed today it was offering exclusive talks with fellow mutual LV= about a possible merger after a £530m bid by US private equity firm Bain Capital for LV= collapsed last week.

The takeover of wealth manager Charles Stanley by US-owned rival Raymond James has been pushed back a month due to delays in securing FCA approval.