Our 2024 Financial Planning Today Reader Survey closes today (Friday 16 Aug) but you can still take part now to share your views and potentially win a £50 M&S Gift Voucher. All eligible respondent...

Financial Planning Today

16.08.2024

Breaking: FCA fines PwC £15m for failures on LCF mini-bonds

Accountancy firm PwC has today been fined £15m for failing to alert the FCA to suspected fraudulent activity at £237m failed mini-bond firm London Capital & Finance plc. The regulator has fined Pw...

Financial Planning Today

16.08.2024

FCA removes CFD firm's permission over suitability failures

The FCA has removed the regulatory permissions of high-risk investment firm Equitrade Markets Ltd (FRN 441877) due to concerns over failures to satisfy the suitability threshold condition. Equitrade w...

Financial Planning Today

16.08.2024

37% of adults using ISAs for retirement saving

New research suggests that Individual Savings Accounts (ISAs) are at the heart of many people’e retirement savings strategy. A study by LV= found that about one in three savers are using ISAs to fund...

Financial Planning Today

16.08.2024

FSCS probes failed SSAS-linked DFM firm

The Financial Services Compensation Scheme has opened an investigation into failed DFM and SSAS investment firm Central Markets Investment Management (CMIM) Limited. The FSCS said the firm was an inve...

Financial Planning Today

15.08.2024

Kingswood to raise £6m from investors to pay debt

Acquisitive wealth manager and Financial Planner Kingswood is to raise a further £6m from investors to meet its debt obligations on previous acquisitions. The company says the money will provide the c...

Financial Planning Today

15.08.2024

FCA strikes CFD firm's permission over suitability failures

Financial Planning Today

15.08.2024

MHA MacIntyre Hudson censured by FCA over audit failures

National accountancy firm MHA MacIntyre Hudson, which has a wealth management arm, has been censured by the FCA for failing to notify the FCA of rule breaches by firms it had audited. The regulator sa...

Financial Planning Today

15.08.2024

2 Days Left: £250 of M&S Vouchers to win in our Survey Draw

Our 2024 Financial Planning Today Reader Survey will close on Friday but you can take part now to share your views and potentially win a £50 M&S Gift Voucher. All eligible respondents who complete...

Financial Planning Today

15.08.2024

Aegon adds 'red, amber, green' pension comparison tool

Pension provider Aegon has launched a digital red, amber and green-rated comparison service for its workplace pension transfer service. The service, in collaboration with The Pension Lab, allows membe...

Financial Planning Today

15.08.2024

PFS warns members it will act on online harassment

The Personal Finance Society and parent body, the Chartered Insurance Institute, have warned that they will take action if necessary after a number of "upsetting" incidents of online harassme...

Financial Planning Today

15.08.2024

FCA bans ‘dishonest and reckless’ adviser

The FCA has banned insurance adviser Martin Sarl from working in financial services and fined him £5,021 for acting without honesty and integrity. Mr Sarl was found to have failed to pass on insurance...

Financial Planning Today

14.08.2024

Just Group profits climb 44% to £249m

Annuity and retirement specialist Just Group said operating profits climbed 44% to £249m in the first six months of the year to the end of June. In a confident stock market update it said it will “sub...

Financial Planning Today

14.08.2024

CPI bucks trend to rise from 2% to 2.2%

CPI inflation showed its first rise this year in July with a 0.2 percentage point increase to 2.2%, ONS reported today. The Consumer Prices Index (CPI) for the 12 months to July was up from 2% in Jun...

Financial Planning Today

14.08.2024

Standard Life adds annuity transfer tracker

Standard Life has added Origo’s annuity transfer tracker to enable advisers to see the status of pension to annuity transfers. The online system will enable advisers to see up-to-date information on t...

Financial Planning Today

14.08.2024

FSCS declares Birmingham BSPS-linked firm in default

The Financial Services Compensation Scheme has declared BSPS-linked firm Green Gem Financial Ltd (FRN: 400488) in default over pension transfer advice, opening the door to compensation for ex-clients...

Financial Planning Today

14.08.2024

FCA fines high-risk investment firm for offering advice

The FCA has fined Cypriot contract for differences (CFD) firm Forex TB Limited £276,100 for not treating customers fairly and providing investment advice without authorisation. According to the regula...

Financial Planning Today

14.08.2024

Platform engine Bravura returns to profit

Platform engine and fintech Bravura Solutions has returned to making a net profit after tax following a year of mass cost cutting exercises. The Australian firm reported an adjusted net profit after t...

Financial Planning Today

14.08.2024

CISI adds new Guernsey branch president

The Chartered Institute for Securities & Investments (CISI) professional body, which awards the Certified Financial Planner designation in the UK, has appointed Daniel Ogier-Keltie as the Guernsey...

Financial Planning Today

14.08.2024

Aviva platform sees 'significant improvement' in flows

Aviva’s wealth business has reported a 16% growth in net flows to £5bn as its platform flows saw a “significant improvement” in the first half of 2024. Assets under management for the wealth arm grew...

Financial Planning Today

13.08.2024

Evelyn AUM climbs 13.3% to record £62.2bn

Wealth manager and Financial Planner Evelyn Partners said its AUM has climbed to a record £62.2bn, up 13.3% compared to a year ago and up 5.2% since the end of 2023. It revealed the figure in its inte...

Financial Planning Today

13.08.2024

Wren Sterling snaps up south coast adviser

Fast-growing national Financial Planning firm Wren Sterling has completed the acquisition of south coast adviser business the In Focus Group, for an undisclosed amount. The deal will see £450m of asse...

Financial Planning Today

13.08.2024

Women more likely to feel financial anxiety

Younger women are more likely to feel anxious about their financial situation than men, according to a new study from financial education firm Nudge. It said globally, 50% of women across all age grou...

Financial Planning Today

13.08.2024

Losses increase at troubled WH Ireland

Troubled wealth manager and financial services firm WH Ireland said losses increased last year and it has given up trying to sell its wealth management after negotiations to unload the division collap...

Financial Planning Today

13.08.2024

Aggregate DB surplus hits £476bn, says PPF

The aggregate surplus of DB pension schemes increased to £475.5bn at the end of July, according to the latest Pension Protection Fund (PPF) 7800 Index. That’s up from a surplus of £473.6bn at the end...

Financial Planning Today

12.08.2024

DWP still making state pension errors, says Webb

Errors are still being made with some state pension claims, according to former pensions minister Sir Steve Webb. The Department for Work and Pensions (DWP) has been undertaking a correction exercise...

Financial Planning Today

12.08.2024

Only 39% of high earners on track for ‘comfortable’ retirement

Only 39% (two out of five) of high earners are on track for a ‘comfortable’ retirement, according to new data. Just 18% (one in five) of households are on track for a comfortable retirement, according...

Financial Planning Today

12.08.2024

87% of IFAs say new ISA rules have no impact

Less than one in ten Financial Planners and advisers have seen an increase in clients paying into ISAs, despite April’s rule change which allowed savers to pay into more than one type of ISA. Insights...

Financial Planning Today

12.08.2024

SJP appoints head of responsible investment

Wealth manager St James’s Place has appointed former Aviva Investors’ Andy Ford as head of responsible investment. At Aviva Investors Mr Ford was head of ESG investments. He has 20 years of experience...

Financial Planning Today

12.08.2024

34% of companies don’t offer financial advice to staff

One in three companies do not offer financial advice as an employee benefit, often because of the risk of inappropriate advice being given and the negative fallout. Yet employees say that financial ad...

Financial Planning Today

09.08.2024

Hargreaves Lansdown accepts £5.4bn takeover bid

After several delays, platform provider Hargreaves Lansdown (HL) has today accepted a £5.4bn consortium offer for the company. The consortium, let by CVC advisers and back by Abu Dhabi’s Investment Au...

Financial Planning Today

09.08.2024

FCA warns of ‘multiple’ issues with cryptoasset marketing

The FCA says it has found “multiple instances” of cryptoasset firm failing to meet its marketing standards. Firms need to improve compliance with the marketing rules to avoid FCA action, it said. In a...

Financial Planning Today

09.08.2024

Fintel IQ appoints new chief sales officer

Fintel IQ, Fintel’s fintech arm, has appointed Paul Chedzey to a newly-created role of chief sales officer. Parent company Fintel owns adviser support firms SimplyBiz and Defaqto and has acquired nume...

Financial Planning Today

09.08.2024

Inflation tops investor concerns

Inflation remains the most significant risk to the performance of portfolios, according to a survey of investors. Nine in ten (89%) of the 756 investors surveyed by investment manager Raw Capital Part...

Financial Planning Today

09.08.2024

1 in 3 want to leave pension pot to family

Nearly one in three pension savers (32%) want to pass on the remainder of their pension pot to their families when they die, according to new research. The major consumer study also found that more th...

Financial Planning Today

09.08.2024

Alliance adds Planner and NextGen founder to board

The Consumer Duty Alliance (CDA) has appointed Chartered Financial Planner Vanessa Barnes and Adam Owen, founding principal of NextGen Planners, to its board. Mr Owen will also take up an executive ro...

Financial Planning Today

08.08.2024

London investment adviser loses authorisation

London-based investment adviser Osiris Capital Partners LLP (FRN 478159) has had its authorisation revoked by the FCA after it failed to pay the regulator’s fees and levies. The firm was authorised by...

Financial Planning Today

08.08.2024

FCA financial promotions interventions double

Interventions by the FCA on financial promotions have led to over double the number of promotions being amended or withdrawn by authorised firms in the second quarter of this year. The regulator’s int...

Financial Planning Today

08.08.2024

Pensions shake-up: Experts expect pension boost

A simple 'red, amber, green' traffic light system for pension scheme value could bring better clarity to workplace pensions and boost savings but may harm innovation, pensions experts say. The...

Financial Planning Today

08.08.2024

Selectapension adds MPS data feed

Pension and investment planning software firm Selectapension has added a managed portfolio service (MPS) data feed within its pension, investment and cashflow tools. The new data feed will enable mult...

home›Financial Planning Today›Economy

Financial Planning Today - Economy

Closes today: £250 of M&S Vouchers to win in our Survey Draw

Breaking: FCA fines PwC £15m for failures on LCF mini-bonds

FCA removes CFD firm's permission over suitability failures

37% of adults using ISAs for retirement saving

FSCS probes failed SSAS-linked DFM firm

Kingswood to raise £6m from investors to pay debt

FCA strikes CFD firm's permission over suitability failures

MHA MacIntyre Hudson censured by FCA over audit failures

2 Days Left: £250 of M&S Vouchers to win in our Survey Draw

Aegon adds 'red, amber, green' pension comparison tool

PFS warns members it will act on online harassment

FCA bans ‘dishonest and reckless’ adviser

Just Group profits climb 44% to £249m

CPI bucks trend to rise from 2% to 2.2%

Standard Life adds annuity transfer tracker

FSCS declares Birmingham BSPS-linked firm in default

FCA fines high-risk investment firm for offering advice

Platform engine Bravura returns to profit

CISI adds new Guernsey branch president

Aviva platform sees 'significant improvement' in flows

Evelyn AUM climbs 13.3% to record £62.2bn

Wren Sterling snaps up south coast adviser

Women more likely to feel financial anxiety

Losses increase at troubled WH Ireland

Aggregate DB surplus hits £476bn, says PPF

DWP still making state pension errors, says Webb

Only 39% of high earners on track for ‘comfortable’ retirement

87% of IFAs say new ISA rules have no impact

SJP appoints head of responsible investment

34% of companies don’t offer financial advice to staff

Hargreaves Lansdown accepts £5.4bn takeover bid

FCA warns of ‘multiple’ issues with cryptoasset marketing

Fintel IQ appoints new chief sales officer

Inflation tops investor concerns

1 in 3 want to leave pension pot to family

Alliance adds Planner and NextGen founder to board

London investment adviser loses authorisation

FCA financial promotions interventions double

Pensions shake-up: Experts expect pension boost

Selectapension adds MPS data feed

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