The Financial Services Compensation Scheme has declared failed advice firm TenetConnect Services Ltd (FRN: 150643), formerly The M & E Network Ltd trading as Future Fin, in default.

Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.

Millions of DWP state pension records could be deleted leaving people with no way to get pension errors corrected, former pensions minister Steve Webb has warned.

Fraudster Daniel Pugh, 35, has been jailed for 7 years and 6 months for running a £1.3m Ponzi investment scheme.

The cumulative impact of regulatory change is diverting time and resources away from other priorities, according to a new survey of members of wealth management trade association PIMFA.

The FCA has joined with the Solicitors Regulation Authority, Information Commissioner’s Office and the Advertising Standards Authority to tackle misleading advertising and inadequate information provided by some claims management companies.

The Financial Services Compensation Scheme has declared London Court Ltd, trading as My Investment Hub, Venicap (FRN: 146522) based in Kensington Church Street in London, as failed.

Wealth manager Blevins Franks has recruited James Roberts, a founder of London Financial Planning firm Partners Wealth Management, as its new CEO.

The number of highly-regulated financial advice firms that said they are satisfied with the FCA has fallen by 12% to three-quarters of businesses in the last year.

Standard Life has today launched a flat fee financial advice business specialising in pensions that it claims will, “open up the world of advice.”