Only one in three financial advisers have discussed intergenerational wealth plans with their main client’s children, according to a new report.

The Consumer Duty Alliance has appointed former FCA technical specialist Michael Lawrence as chair of its Consumer Duty forum.

World Financial Planning Day 2023 is to be held in October with the aim of promoting financial literacy and capability as well as the role Financial Planners can play in educating the public.

The latest data from the Financial Conduct Authority shows the regulator hit half of its authorisations operating service metric between April and June.

In this guest column, Amyr Rocha Lima, chair of the CISI’s Financial Planning forum, looks at a different approach to flexible retirement income. This column first appeared in the July-August issue of Financial Planning Today magazine.

The latest direct platform data shows that the investment platform market is ripe for consolidation, according to Fundscape.

The FSCS has declared Hastings & Rother Credit Union Limited (trading as 1066 Community Bank) in default.

Government-backed NS&I has raised its Premium Bond interest rates to 4.65%, from 4%), the highest level since 1999.

Seven financial adviser and Financial Planning firms entered default in June and July.

Abrdn’s financial advice business reported net outflows of £0.6bn for the first half of 2023.