US-owned wealth manager and Financial Planner Raymond James Investment Services (FRN 194713) has agreed that it will not employ any new investment managers or open any new branches without the consent of the Financial Conduct Authority.

Only three out of five people reckon they will be able to cover their bills in retirement, according to new research from Hargreaves Lansdown.

People who were ill-advised to transfer out of their DB pension are now likely to be due significantly less compensation, according to actuaries and financial services consultancy OAC.

Investment and wealth manager Quilter Cheviot’s managed portfolio service is now available to Financial Planners using the Morningstar Wealth Platform, Fundment and Titan platforms.

Wealth manager Fairstone, which includes one of the UK's biggest Chartered Financial Planners, said it has recorded its best ever six-month period of dealmaking.

Verve Foundation, the not-for-profit organisation looking to bring new blood into the profession and help advisers to grow, is to launch a second tranche of its ‘Adviser Incubator’ initiative following the success of the pilot programme.

There has been a surprise drop in the number of annual leave days that financial and insurance workers are taking off despite a rise in leave allowance, according to analysis of 122,000 UK employees.

The FCA is to tighten its rules on crypto-asset transfers from 1 September to crack down on money laundering and financial crime.

The Pensions Regulator (TPR) is to introduce new rules from 1 October which will compel defined contribution (DC) pension schemes to declare their policy on investing in illiquid investments.

The CISI, the professional body for Certified Financial Planners, has signed a deal with Anglia Ruskin University (ARU) to enable its students to take CISI exams during their courses.