Platform assets set a new high of £1.1trn in 2024, with adviser platforms accounting for £697bn, new data from consultancy Fundscape shows.

MPs and members of the House of Lords have today criticised FCA chief executive Nikhil Rathi for his ‘unconstructive’ response to their report published in October which branded the regulator ‘incompetent.’

Wealth management trade body PIMFA has urged the FCA to reconsider the role of the Financial Ombudsman Service (FOS) and to explore consolidating the regulatory regime for claims management companies (CMCs).

Wealth manager and Financial Planner Brooks Macdonald has completed its acquisition of Chartered Financial Planners LIFT-Financial Group Limited and LIFT-Invest for £45m.

The FCA has won a Confiscation Order of £5,963,376 against convicted investment scammer Guy Flintham.

The Financial Conduct Authority has published proposals today which would pave the way for a new generation of smaller corporate bond issues aimed at retail investors and wealth managers. 

For the first time the FCA is to survey all regulated firms for its annual Practitioner Panel joint survey.

Compliance and adviser support firm Threesixty has launched what it calls a new 'holistic' compliance management suite for adviser firms called 'Trust.'

Wealth manager St James’s Place has reported Funds Under Management soared last year to a record £190.2bn - up £22bn (2023: £168.2bn).

The FCA has this week restored the regulatory authorisation of Kent-based advice firm The Pentagon Partnership (FRN: 627747) two months after its permissions were cancelled.