Brown Shipley, the wealth planner and investment manager, has hired Alan Mathewson as its new chief executive, subject to regulatory approval. He is due to start his new role by April.

The Financial Conduct Authority has today been recognised as one of the best organisations in the UK for race equality despite recently missing its own targets for diversity among its senior management team.

Research has shown that 5 million over-50s plan to continue working in retirement and 300,000 of these plan never to stop.

The Financial Services Compensation Scheme (FSCS) has warned consumers to steer clear of a Russian website claiming to represent the FSCS and asking people to register a claim.

Wealth manager and Financial Planning group Sanlam UK has appointed Justine Colley as portfolio manager in its London office, where she will report to Charlie Parker, head of portfolio management.

The majority of investment funds are failing to deliver above average returns consistently over three years and the number beating the average is declining, according to research from a fund manager.

The FCA says it is disappointed it has so far failed to reach its own targets on appointing women and ethnic minority people to senior roles.

Tony Hicks has been appointed as group sales manager at the Beaufort Group, the national partnership of IFA firms, which incorporates Chartered Financial Planning arm Beaufort Financial.

The FCA is to consult on radical changes to the funding of the Financial Services Compensation scheme which could see the investment claim limits raised by over 65% to £85,000 and providers paying 25% of claims on advisers.

SIPP provider STM Group has voiced its support for chief executive Alan Kentish following his arrest in Gibraltar over allegations connected to a tax dispute and alleged failure to disclose the proceeds of crime.