West Midlands-based Newell Palmer has acquired David Heffernan’s advisory practice based in Coventry.

Former FCA regulator Rory Percival will speak at an Enterprise Investment Scheme Association event aimed at Financial Planners and influencers.

The Money Advice Service has proposed a slightly increased money guidance budget of £27.2m for its final year (up £0.2m) before it merges with two other guidance bodies.

The Pensions and Lifetime Savings Association (PLSA) has welcomed the appointment of former DVLA chief executive Oliver Morley as the new chief executive of the Pension Protection Fund.

The High Court yesterday made orders against a number of persons involved in carrying out an unauthorised foreign exchange investment scheme. 

BlackRock, one of the world’s biggest fund managers, has taken a 5% stake in growing Financial Planning group AFH which has acquired over a dozen advisory firms this year.

David Bellamy, the outgoing chief executive of wealth manager St James’s Place, is to become the new chairman of Weatherbys Bank, a private bank which specialises in the horse racing sector.

National Financial Planning and wealth management firm Succession Group has promoted James Stevenson to the position of  group chief executive.

The Department for Work Pensions has confirmed it will legislate to give millions of younger workers a better retirement through auto-enrolment pension savings.

Old Mutual Wealth has agreed to sell its Single Strategy investment business to TA Associates, a private equity firm, for £600m.