IBOSS, the investment management arm of Financial Planner and wealth manager Kingswood Group, is to cut the Ongoing Charges Figure (OCF) on all 32 of its DFM MPS portfolios.

Wealth manager and Financial Planner Brooks Macdonald has reported an eighth successive quarter of positive net flows for the quarter ended 31 March.

The Treasury Committee, the influential House of Commons group of MPs, has backed the appointment of new FCA chair Ashely Alder who will take over at the FCA from February.

The prospect of personalised financial guidance has moved a step closer after Harriet Baldwin MP, chair of the influential Treasury Committee, has tabled a motion in the Commons to allow the controversial move.