The lack of Professional Indemnity insurance availability for IFA firms is ‘the biggest threat to adviser businesses’ in 2020, the chairman of Beaufort Group Simon Goldthorpe has warned.

Kingswood, the wealth manager and Financial Planner, is to acquire a fledgling Californian investment adviser in a deal worth £3.1m, its second acquisition of a US advisory firm.

Global private equity group Carlyle is set to buy the three-year-old, acquisitive Financial Planning firm Harwood Wealth Management for £90.7m in a recommended cash deal.

Gaudi, the SIPP and platform fintech business, has recruited three industry 'big hitters', including ex-AXA Elevate managing director David Thompson.

The FCA has secured a confiscation order at Southwark Crown Court for £171,913 against Manraj Singh Virdee who was given a two year suspended prison sentence for cheating investors with a unauthorised investment scheme.

Wealth manager and employee benefits firm Mattioli Woods has acquired Glasgow-based Chartered Financial Planner firm The Turris Partnership Limited in a deal worth up to £1.6m. 

Andrew Bailey has been confirmed today as the new Governor of the Bank of England after three years as chief executive of the Financial Conduct Authority.

Financial mutual LV= has recruited Mark Hartigan from Zurich to be its interim chief executive with effect from 1 January on an initial 12 month contract, subject to regulatory approval.

Fintech firm Altus this week claimed the first ‘fully electronic’ pension transfer had been carried out in five days.

Nutmeg, one of the best-known robo-advisers, has promoted chief financial and operating officer Neil Alexander to replace chief executive Martin Stead who is leaving early in 2020 to move overseas.