The FCA has provisionally fined Nailesh Teraiya, formerly sole controller and chief executive of Indigo Global Partners Limited (Indigo), £5.95m and has provisionally banned him from carrying out any regulated activity after finding him guilty of making fake trades.

Former Tees Wealth head of investment management Kieran Follis has teamed up with platform P1 Investment Services to launch boutique DFM investment management firm Magellan Research & Investment.

Convicted money launderer and ex-solicitor Dale Robert Walker, 64, has satisfied a confiscation order after a member of his family paid £33,500 outstanding from £716,719 he was ordered to repay due to his criminal activities relating to an investment scheme.

Strike action by members of the Public and Commercial Services (PCS) union at The Pensions Regulator has been suspended and staff returned to work last Wednesday. 

The FCA is to conduct a review into what regulated firms are doing to understand and respond to the needs of customers in vulnerable circumstances.

A decade on from George Osborne’s ‘Pension Freedoms’ Budget bombshell announcement in 2014, the latest HMRC data showed that £70bn of retirement cash has since been accessed flexibly by British savers.

A pensions expert has warned that urgent questions need to be answered by the government about where the cash to fund the State Pension will come from following the government’s decision to cut employees’ National Insurance from 10% to 8% from April.

Expanding Financial Planner and wealth manager MKC Wealth has appointed Quilter's Sarah Waring as Financial Planning director.

More than four out of 10 pension savers (44%) reckon they will retire before their current state retirement age even though only half (54%) have a financial plan in place, new research suggests.

Some 16% of defined contribution pension schemes with under £100m in assets scrutinised by The Pensions Regulator (TPR) has opted to wind up after a pilot into the effectiveness of its new rules on value for members.