The Pensions and Lifetime Savings Association (PLSA) has welcomed the appointment of former DVLA chief executive Oliver Morley as the new chief executive of the Pension Protection Fund.

The High Court yesterday made orders against a number of persons involved in carrying out an unauthorised foreign exchange investment scheme. 

BlackRock, one of the world’s biggest fund managers, has taken a 5% stake in growing Financial Planning group AFH which has acquired over a dozen advisory firms this year.

David Bellamy, the outgoing chief executive of wealth manager St James’s Place, is to become the new chairman of Weatherbys Bank, a private bank which specialises in the horse racing sector.

National Financial Planning and wealth management firm Succession Group has promoted James Stevenson to the position of  group chief executive.

The Department for Work Pensions has confirmed it will legislate to give millions of younger workers a better retirement through auto-enrolment pension savings.

Old Mutual Wealth has agreed to sell its Single Strategy investment business to TA Associates, a private equity firm, for £600m.

The parent company of Utmost Wealth Solutions - Life Company Consolidation Group - is to create a specialist wealth management firm as part of its acquisition of Generali PanEurope (GPE).

The FCA has welcomed the European regulator’s decision to potentially intervene in the binary options market which has seen a large number of scams hitting UK investors.

Staff at Leeds-based Financial Planning firm Manse Capital have taken part in a sponsored Christmas jumper day to raise money for charity.