The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the industry for 2024/25 to £265m.
Read more ...FCA fines HSBC £6.2m over customer treatment
- Thursday, 23 May 2024
- Articles

The FCA has fined HSBC Bank plc, HSBC UK Bank plc, and Marks and Spencer Financial Services plc (HSBC) £6.28m for failures in its treatment of customers who were experiencing financial difficulties.
Read more ...Profits and customers up sharply at AJ Bell
- Thursday, 23 May 2024
- Articles

Investment platform AJ Bell has reported a 47% increase in pre-tax profit £61.4m for its first half of 2024 which ended on 31 March (HY23: £41.9m).
Read more ...9 in 10 advisers expect AI to impact their jobs
- Thursday, 23 May 2024
- Articles

Nine in 10 financial advisers expect increased speed and operational efficiency from the use of AI, according to a new report.
Read more ...Hargreaves Lansdown rebuffs £5bn takeover bid
- Thursday, 23 May 2024
- Articles

Investment platform Hargreaves Lansdown (HL) has rejected a £5bn takeover bid from a private equity consortium.
Read more ...HSBC opens up Onshore Investment Bond
- Thursday, 23 May 2024
- Articles

HSBC Life (UK) has opened up its Onshore Investment Bond to UK corporate investors following demand from advisers.
Read more ...ISA season ‘damp squib’ for platforms – Fundscape
- Thursday, 23 May 2024
- Articles

The 2024 ISA season was a ‘damp squib’ with several platforms recording net ISA outflows, according to a new report from consultancy Fundscape.
Read more ...Sunak calls general election for 4 July
- Wednesday, 22 May 2024
- Articles

Prime Minister Rishi Sunak has called a surprise general election for 4 July.
Read more ...Nucleus white label platform acquisition gains approval
- Wednesday, 22 May 2024
- Articles

The acquisition by adviser platform Nucleus’ of fintech Third Financial has gained approval from the FCA, taking the deal a step closer to completion.
Read more ...CPI inflation tumbles to 3-year low of 2.3%
- Wednesday, 22 May 2024
- Articles

CPI inflation in April fell to 2.3%, down sharply from 3.2% in March, ONS reported today.
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