Wealth manager Harwood has placed a subsidiary, appointed rep adviser firm Network Direct, into voluntary administration due to “weak investment markets” and rising Professional Indemnity insurance costs.

There is no overall consensus between Financial Planners on the best strategy to secure clients an income in retirement, according to new research.

The Financial Conduct Authority has fined FX options broker TFS-ICAP £3.44m for giving misleading information to clients.

Schroders is aiming to raise £100m for a new Social Impact investment trust to be floated on the London Stock Exchange.

Pension consultant Willis Towers Watson has warned that pension schemes could be forced to top up 100,000 historic pension transfer payments following a High Court ruling.

Mortgage and protection business Just Mortgages, part of the Openwork network, is to launch a new wealth division in January called Just Wealth.

Wealth manager and Financial Planner Kingswood has rebranded its US interests as Kingswood US as it takes a private-equity funded, majority stake in a US adviser firm.

Sheffield-based Financial Planners Belmayne have enlisted their local MP to help them fight rising FSCS levy costs which have seen the firm hit with £2,000 bill increase.

Stephen Lansdown, one of the two founders of online investment platform and wealth manager Hargreaves Lansdown, has sold £103m of shares in the business.

Pensions transfer data showed a high proportion of 'red flags' in October with over 60% of transfers showing signs of possible scams.