Barclays Bank has been fined £40m for failing to disclose a fund raising deal with Qatari entities in 2008 at the height of the financial crisis in that year.

MKC Wealth, the expanding wealth manager backed by Cabot Square Capital, has acquired two adviser firms.

Inheritance tax (IHT) receipts are on course to be around 40% higher than three years ago following the first seven months of official data for the current tax year.

Newly-launched trade association The Platforms Association has expanded to 46 members just two months after launching.

Wealth manager Tavistock has acquired asset manager ABP as it completes its sale of its financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, to Saltus.

Chartered Financial Planner firm The Penny Group has acquired fellow Openwork Partnership firm Surrey-based Whiting Financial.

More than 50,000 power of attorney applications were rejected last year because of mistakes.

Birmingham-based financial advice firm Margetts Wealth Management has completed a management buy-in.

The Financial Conduct Authority has started criminal proceedings against four individuals for conspiracy to commit false accounting, with three facing further charges for fraud.

Close Brothers CEO Adrian Sainsbury is to continue his medical leave of absence which began in September, the company said today in a trading update.