The FCA has imposed restrictions on wealth firm Dolfin Financial (UK) Ltd which stop it from carrying out any regulated activities due to concerns about the way it conducts its business.

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.

Parmenion, the platform acquired for £102m last week, is to invest in its own proprietary technology rather than follow other platforms in using third party ‘platform engine’ providers such as FNZ.

The pandemic has spurred more than half of adults (53%) to seek financial advice to help with increasing money concerns. 

HUB Financial Solutions, the advice arm of retirement specialists Just Group, has unveiled an automated retirement advice service called Destination Retirement which will charge an initial fee of £299.

London-based MWA Financial has acquired Prosperity Financial Advisors & Stockbrokers of Hampshire as part of a strategy to become a national IFA firm.

A new report from the TUC, the trade union umbrella body representing 5.5m workers, has revealed that 1 in 8 men and women (12%) are forced to stop working before state pension age due to ill-health or disability.

The popular 60/40 split between equities and bonds will fail to serve clients as well in an era of record low bond yields, according to fund manager and investment platform 7IM.

Wealth management professional trade body PIMFA and the Financial Services Compensation Scheme have joined calls for economic harm to be included in the government’s upcoming Online Safety Bill.

The CEO of the Financial Ombudsman Service, Caroline Wayman, has resigned amid mounting pressure on the ombudsman with the Coronavirus pandemic seeing a 50% surge in consumer complaints.