The FCA has today imposed stringent restrictions on London-based wealth manager London Stone Securities Limited after concerns the firm was charging clients ‘excessive fees’ sometimes exceeding 65% of portfolio value.

Sheldon Mills, executive director of consumers and competition at the FCA, has claimed that Consumer Duty has been a great success in a speech at an event celebrating the Duty’s anniversary.

Brad Ainsworth from Chichester-based Cathedral Wealth Management has been presented with a British Citizens Award, Medal of Honour, for services to volunteering and charitable giving.

Financial Planner and wealth manager Quilter has appointed Sarah Houlston as the firm’s new chief operating officer.

There were 112 new financial advice firms registered with the FCA in June, according to new analysis of FCA data.

New research suggests that 59% of financial services firms have been hit by a ransomware or cyber attack in the past 12 months.

Pension scam warning ‘flags’ have climbed to their highest level in nine months, according to an update from pensions consulting and administration business XPS.

International financial advisory firm Hoxton Capital Management has made its fourth acquisition in the UK this year with a deal for an undisclosed sum to buy St Albans-based Chequer Financial Services.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said acquisitions have helped the business grow its profits by 6.6% in the last six months.

The FCA’s rulebook review on 'streamlining' red tape post the Consumer Duty, has been welcomed by the industry.