Some 137 equity investment funds holding £53.42bn of client money consistently underperformed their market benchmarks over the last three years, according to Bestinvest’s latest Spot The Dog survey of under-performers.

The £432m private equity takeover of SIPPs and Financial Planning firm Mattioli Woods is set to complete in September following delays due to national security considerations.

Accountancy firm PwC has today been fined £15m for failing to alert the FCA to suspected fraudulent activity at £237m failed mini-bond firm London Capital & Finance plc.

The Financial Services Compensation Scheme has opened an investigation into failed DFM and SSAS investment firm Central Markets Investment Management (CMIM) Limited.

New research suggests that Individual Savings Accounts (ISAs) are at the heart of many people’s retirement savings strategy.

National accountancy firm MHA MacIntyre Hudson, which has a wealth management arm, has been censured by the FCA for failing to notify the FCA of rule breaches by firms it had audited.

The FCA has removed the regulatory permissions of high-risk investment firm Equitrade Markets Ltd (FRN 441877) due to concerns over failures to satisfy the suitability threshold condition.

Pension provider Aegon has launched a digital red, amber and green-rated comparison service for its workplace pension transfer service.

Acquisitive wealth manager and Financial Planner Kingswood is to raise a further £6m from investors to meet its debt obligations on previous acquisitions.

The FCA has banned insurance adviser Martin Sarl from working in financial services and fined him £5,021 for acting without honesty and integrity.