The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

Acquisitive Financial Planner and discretionary manager Harwood Wealth Management has reported a 74% rise in pre-tax profit to £1.63m in its half year interim results out today.

Edinburgh-based SVM Asset Management has appointed Jonathan Beckett and Jonathan Hewitt as non-executive directors to its main board.

UK wealth management group Tilney has appointed Grant Morrice as a Financial Planner.

The Personal Finance Society (PFS) has backed comments made by Andrew Bailey, chief executive of the FCA, and Charles Randell, chairman of the FCA about the need to simplify the parameter between regulated and unregulated activity.

The Financial Services Consumer Panel has published new research which looks at the potential detriment for consumers of being trapped in poorly performing financial services products.

Hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research for Zurich.

Law firm partner Richard Cranfield is set to become the next chairman of platform Transact’s holding company IntegraFin.

Schroders has launched an India Equity Fund for UK investors.

According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.