The FCA is proposing to increase its minimum and flat rate fees, as well as application fees, by an average 8.75% which could mean Financial Planners facing an overall hike in charges of 4.9%.

Discretionary wealth manager Quilter Cheviot International has hired three Financial Planners to expand its Financial Planning proposition for international clients serviced by its Jersey office.

The Financial Services Compensation Scheme (FSCS) has declared Farnham, Hampshire-based Finsbury Financial Limited (FRN: 503294) as failed.

Adviser support network SimplyBiz has added Legal & General Investment Management’s (LGIM’s) model portfolio service to its risk-controlled investment solutions range.

Investment provider Abdrn is facing a fresh wave of scorn after its CIO claimed it was the victim of “corporate bullying” after it scrapped vowels from its name in a heavily-mocked rebrand.

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