Brown Shipley, the wealth planner and investment manager, has hired Andrew Butler-Cassar from rival Investec Wealth & Investment as head of its London office, a newly created role.

The FCA has warned that four asset management firms - Artemis Investment Management LLP, Hargreave Hale Ltd, Newton Investment Management Limited and River & Mercantile Asset Management LLP - may have broken competition law.

The charity group Mental Health has announced the launch of a website designed to help sufferers of mental health who have money issues.

Tavistock investments has reported a 130% increase in discretionary funds under management to £745m thanks to organic growth.

The Pensions Advisory Service and the Money Advice Service, both government-backed financial guidance bodies, have launched an ‘integrated’ webchat service.

New research has found that 21% of adults say they would be put away an extra £134 a month on average if they could get financial advice – the equivalent of more than £1,600 per annum.

A survey by fund manager Legg Mason has found that a third of wealth managers (32%) say they are holding more cash across clients’ portfolios to protect against a market correction.

A company offering a binary options trading platform to investors has been successfully shut down by the Insolvency Service at Manchester District Registry after investors lost £350,000.

FE Invest, FE’s model portfolio service, has announced the launch of its Responsibly Managed Portfolios – a suite of risk-targeted portfolios to support financial advisers meeting the rising demand from clients for sustainable and ethical investments.

The Chartered Institute for Securities & Investment has warned that it will take disciplinary or court action against any adviser falsely claiming CFP status.