The Insolvency Service has warned investors about a recent increase in recovery room scams, where crooks prey on investment scam victims.

UK investors put £2.8bn into funds in April – a £1bn increase on March and the highest level since August 2021, according to Investment Association figures.

Quilter Financial Planning has been praised for its handling of Lighthouse’s involvement in the British Steel Pension Scheme scandal by the FCA.

Spending on new technology is the biggest driver of increased investment by adviser firms ahead of the implementation of Consumer Duty coming into effect from the end of July.

Administrators of collapsed Newcastle-based wealth manager WealthTek have uncovered a £81.4m gap in the firm’s finances, the FCA has said.

A group of 55 senior Tory MPs including former Chancellor Nadhim Zahawi have called for inheritance tax to be abolished.

Four out of five workers fear they will have to work longer until retirement because of the cost-of-living crisis.

As the launch of Consumer Duty comes ever closer, adviser platform Nucleus has created an online hub to help prepare and support Financial Planners and advisers.

Fast-growing Chartered Financial Planning firm Progeny has appointed Sam Murton as its new chief operating officer.

Adviser platform Novia Financial has merged its operations and technology teams under the direction of chief technology and operations officer Eden Scrivenger.