Wealth manager trade body PIMFA has criticised proposals from the Financial Conduct Authority for a new Consumer Duty.

Wealth manager trade body PIMFA has warned members about a fraudster who has been impersonating a member of staff and contacting members.

The Financial Services Compensation Scheme has dropped its 2021/22 levy forecast by £206m to £833m.

Wealth manager trade body PIMFA has recruited platform and investment veteran Geoff Towers to its board as a non-executive director.