The Financial Conduct Authority is to order a number of firms to review annuity sales back to 2008 after finding evidence of “concerns” but says its review of non-advised annuity sales found no widespread “systemic” problems.

Many candidates aiming to gain Certified Financial Planner status wrongly believe that a comprehensive cashflow is obligatory in the assessment, the CISI’s head of Financial Planning says.

Sanlam is to begin offering to team up with Financial Planning firms by launching a partner scheme that could lead to buy outs in future.

Certified Financial Planners will have to clearly show the value they provide above robo-advice tools as they become more common, the worldwide body for Financial Planning says.

Transact has revealed this afternoon that it will lower its charges from 1 April.

A Financial Planning business is to be taken over by wealth firm Brown Shipley.

Mike Kellard, the chief executive of Axa Wealth, will depart the firm, it was revealed this morning.

A Financial Conduct Authority conduct risk specialist has left the regulator for a consultancy firm which helps advisers with compliance.

Changes to Standard Life’s platform have been unveiled this morning aimed at making the adviser’s job “that bit more straightforward”.

The FCA has fined Sonali Bank’s UK arm £3,250,600 today and banned its former money laundering reporting officer.