Mergers and acquisitions are continuing to drive change in the financial advice sector but acquirers are increasingly looking at consolidation, not aggregation, according to a new study.

The Financial Services Compensation Scheme has declared Swindon-based advice firm AP Financial Services UK Ltd in default.

Just over one in five (21%) of adults across UK and in 14 other countries around the world were defrauded between 2021 and 2023, according to new research.

The FCA has fined Huddersfield-based Inspirational Financial Management Ltd (FRN 223511) £897,840 after it poorly advised people to transfer out of DB pension schemes, including the British Steel Pension Scheme (BSPS).

Schroders and the Pensions Management Institute (PMI) have today launched a joint 'Lifetime Savings Initiative' (LSI), a project to shine a light on the challenges facing UK savers.

North Wales-based Celtic Financial Planning has recruited former AFH Wealth Management Chartered Financial Planner Chris Lloyd to extend the firm’s operations in the North West of England.

A 65-year-old with a £100,000 pension could earn up to £7,430 per year from an annuity, the highest since last October, according to data from Hargreaves Lansdown.

Compliance was the top reason for whistleblowers to complain to the FCA in December, with 41 reports being made to the regulator about the issue during the month.

Chartered Financial Planner Craven Street Wealth has completed its acquisition of Punter Southall Aspire’s Financial Planning division which was announced in January.

The FCA said today that it would step up its efforts to tackle misconduct such as bullying and sexual harassment at regulated firms.