The FCA has begun criminal proceedings against four individuals allegedly involved in a £1.4m investment fraud involving a number of firms, including two ‘cloned’ firms.

The Financial Conduct Authority has outlined its plans to reduce and prevent financial crime as part of its 2023/24 Business Plan released today.

The Financial Conduct Authority has revealed plans to raise its annual fee charged to its Financial Planning firm segment by 8.9% for 2023/24.

An administration error by one of Fairstone’s lawyers saw Tom Taylor removed temporarily as a director of the company.

Assets under management and administration for Financial Planner and wealth manager Quilter dropped 11% to £99.6bn in 2022.

Cooper Parry Wealth has acquired London-based Financial Planning firm Future Perfect as it continues its recent acquisition drive.

St James’s Place partner firm Apollo Private Wealth has acquired fell SJP firm Cambridgeshire-based Debra Wait Wealth Management.

Adam Owen, a director and head of content at the young Financial Planner group NextGen Planners, has joined the board of the Institute for Financial Wellbeing as a non-executive director. 

The FCA has imposed a number of restrictions on a senior manager at an IFA firm where £1.5m of client funds may have been misappropriated.

A major pensions 'unlocking' firm which used TV advertising - Kings (FRN 197285) - has been declared as failed by the Financial Services Compensation Scheme.