Private equity backed Financial Planning firm Ascot Lloyd posted a pre-tax loss of £14m for the year ended 31 December, following the impact of an FCA investigation into the firm, according to accounts filed with Companies House this week.

Vanguard has appointed Gillian Hepburn as head of adviser solutions in the UK as it looks to broaden its adviser solutions offering.

High net worth individuals' confidence in the UK economy and their own wealth has risen despite concerns about the upcoming Budget, according to the biannual Saltus Wealth Index.

Paul Flowers, the former Co-Operative Bank chairman, has been ordered to pay £184,000 to the family of a woman he stole from.

Berkshire-based Financial Planning firm Flying Colours has launched a new investment platform, powered by the Octopus-owned white label platform Seccl.

Personal Finance Society members have called for a national school competition engaging students in real world Financial Planning challenges.

Wealth management trade association PIMFA has warned that draft inheritance tax reforms are unworkable in their current form.

The FCA is ‘working hard’ to shorten the timeframe for enforcement investigations to boost confidence in the financial services sector, according to senior FCA executive Therese Chambers.

Nottingham Building Society is giving all its 540 staff working at its 31 branches access to one-to-one Financial Planning advice this week to coincide with UK Savings Week which runs until 28 September.

Half of UK adults (49%) feel more uncertain about their future than they did two years ago and many are cutting back spending or raiding their savings to cope.