Latest data from the FCA published today has revealed that nearly 20,000 financial promotions were pulled or amended in 2024 following intervention from the regulator - almost double the level seen in 2023.

Abby Thomas, CEO and Chief Ombudsman at the Financial Ombudsman Service, has exited the organisation this week in a shock departure.

Last year saw net retail fund outflows of £1.6bn, compared to much larger outflows of £26.9bn and £24.3bn in 2022 and 2023, according to data from the Investment Association.

Derbyshire-based Financial Planning firm Belmayne has gifted over £8,000 to small local charities after a year of fundraising.

Four in five financial advice firms reported increased turnover in 2024, with two thirds anticipating higher profits in 2025, according to a new report.

The FCA has ruled out compensation or launching a criminal investigation into the £46m collapse of Blackmore Bonds despite complaints from investors.

The Bank of England’s Monetary Policy Committee (MPC) has voted 7 – 2 to cut the base rate to 4.5% today, in a widely expected move.

Three in five investigations by the Financial Services Compensation Scheme result in no declaration of default by the body as firms can meet the costs of claims themselves, interim FSCS CEO Martyn Beauchamp has told Financial Planning Today editor Kevin O’Donnell in an exclusive interview.

Financial Planning Today editor Kevin O’Donnell recently interviewed Financial Services Compensation Scheme interim CEO Martyn Beauchamp at his London HQ about how the organisation is dealing with new challenges and a changing regulatory environment. The full article appears in the latest issue of Financial Planning Today magazine. See below for a link to view the issue.

Quilter Financial Planning, the advice network of wealth manager Quilter, has signed up four new appointed representative firms.