The FCA has provisionally fined pension transfer financial adviser Geoffrey Edward Armin £1.28m for a number of advice failings.

Online investment platform Hargreaves Lansdown saw pre-tax profits dip by 3% over the past year but reported clients numbers surging by 233,000 to a record 1.645m.

Young Financial Planner Ravi Prema, who qualified as a Chartered Financial Planner at 23 years old, is being lined up to take over the family-run financial advice business Prema Financial Services. 

The annual conference of the Paraplanners Assembly community will go virtual for the second year in a row in September and adopt a space theme.

Six Nucleus directors have stood down from the company today as the takeover of the business by James Hay is completed creating a platform managing £47bn in funds.

The first half of 2021 saw total net retail fund sales of £24bn, the highest level of half-year sales since 2017.

The Bank of England’s Monetary Policy Committee (MPC) has held interest rates at 0.1%, despite rising inflation fears.

Acquisitive financial adviser group Tenet has acquired Leeds-based wealth management firm Astute Financial Advisers Ltd.

The Financial Conduct Authority (FCA) has acted to stop Cyprus-based BDSwiss Holding Plc, and other firms from the BDSwiss Group, from offering high risk contracts for differences (CFDs) to UK investors.

Prime Minister Boris Johnson and Chancellor Rishi Sunak have written an open letter calling on UK pension schemes and institutional investors to deliver an ‘investment big bang’ to power the UK economy back to health.