Abrdn is to revamp its Financial Planning arm, formerly known as 1825, resulting in the closure of offices in Reading, Sheffield and Bristol (Bristol will be retained by the group).

Hargreaves Lansdown’s new CEO Dan Olley will start work on Monday 7 August, the company said today.

The CISI has dropped the one year wait for Chartered status for qualified Financial Planners moving to the CISI from another professional body.

North East-based, fast-growing Financial Planner Fairstone is moving its HQ from Newcastle to new offices on the outskirts of Sunderland.

People aged 50 and over on average believe they will live until around 80 despite official figures suggesting they will live for several years longer.

The Financial Services Compensation Scheme has declared in default four advice firms - based in Manchester, London, Honiton in Devon and Rayleigh in Essex.

Swiss bank and wealth manager UBS has completed its £2.5bn takeover of troubled rival Credit Suisse to create a wealth management giant with approximately £3.8bn of invested assets.

Leeds-based finance firm boss Francis Wainwright has been sentenced to seven years in prison after admitting running a £20m Ponzi scheme which cheated elderly and vulnerable investors.

Wealth management and professional services group Evelyn Partners has struck a deal to acquire Dart Capital, a City of London boutique wealth manager for an undisclosed amount.

The executive committee of Odey Asset Management LLP - the partnership which runs Odey AM - has removed founder Crispin Odey from the partnership following allegations in the Financial Times about Mr Odey and governance at the investment firm.