The FCA has begun High Court proceedings over an alleged unauthorised investment scheme involving consumer investments of more than £23m in static homes.

The FCA has this week stripped permission to carry out regulated business from a West Yorkshire-based claims management company called Fair Return Legal Services Limited (FRN 838208).

Aberdeen-based Johnston Carmichael Wealth, owned by 7IM group’s Partners Wealth Management, has appointed Leigh Townsley as a Chartered Financial Planner.

Wealth adviser and pensions firm Westerby Group has acquired Bristol-based pension specialist Cabot Trustees Limited for an undisclosed sum.

Pension provider and consultant XPS Group says it has connected more than 600,000 pension scheme members and more than 20 schemes to the Pensions Dashboard’s Central Digital Architecture since April.

Four in 10 people say they are worried about upcoming changes to pensions and inheritance tax.

Steve Hutton, the CEO of True Potential Wealth Management, has left the business after eight months in the role of CEO.

Salford-based financial adviser and professional services firm Frenkel Topping said today that discussions over a £68m takeover bid for the company by private equity firm Harwood are continuing.

Liam Coleman, former Co-op Bank chief executive, has been appointed interim chair of the Financial Ombudsman Service by the FCA.

The gap people need to fill between their income aspirations in retirement and the amount provided by the State Pension has climbed to £18,552, according to new analysis of DWP figures.