The Financial Services Compensation Scheme confirmed today that its levy for 2020/21 will soar by £87m to £635m, mainly due to surging SIPP claims.

The CPI rate of inflation fell from 1.5 % in November to 1.3% in December, ONS reported today.

Sesame Bankhall Group (SBG) has recruited Michele Golunska, Aviva UK’s operations director, as its new chief executive.

Former Pensions Minister Sir Steve Webb is to join pensions and investment consultancy Lane Clark & Peacock LLP as a partner.

Moola, one of the smaller robo-advice firms, is to shut its doors in February after changing hands several times over the last few years.

The Personal Finance Society is to launch a campaign to “weed out” rogue firms operating in the Claims Management Company (CMC) sector.

The Chartered Institute for Securities & Investment has appointed Financial Planning Today columnist and experienced Paraplanner Dan Atkinson, APP Chartered MCSI as the new chairman of the CISI Paraplanner Interest Group (PIG).

The Financial Conduct Authority has secured High Court approval to return £2.5m to victims of a series of unauthorised collective investment schemes (UCIS).

Platform and SIPP provider AJ Bell has launched its new Retirement Investment Account (RIA) today, designed to be a new low-cost pension with a ‘streamlined’ investment proposition.

Wealth manager St James’s Place has dropped plans to acquire Dublin-based Irish Financial Planner firm Harvest Financial Services Limited.