The Financial Services Compensation Scheme has declared as failed a Midlands financial adviser hit with a string of claims related to pensions and SIPPs.

Mark Steward, the Financial Conduct Authority’s executive director of enforcement and market oversight, will leave the regulator next spring.

West Lancashire-based financial adviser Acumen Financial Partnership has appointed a new Financial Planning co-ordinator.

It was was a landmark government u-turn yesterday when new Chancellor Jeremy Hunt scrapped almost all of the mini-Budget published by his predecessor Kwasi Kwarteng.

Fund manager Fidelity has launched two ‘custom-designed’ OEIC funds exclusively for clients of Wolverhampton-based Chartered Financial Planners Howard Wright Financial Planning.

Adviser platform Transact has reported net inflows during the quarter to the end of September of £720m, down from £1.3bn on the same period in 2021.

The Financial Conduct Authority has this year restricted twice as many firms in the investment market as it did last year, it has reported.

This is the full text of Chancellor Jeremy Hunt's speech to MPs this afternoon (17.10.22), explaining why he has reversed of many of the changes announced in the mini-Budget on 23 September.

In another major government U-turn, new Chancellor Jeremy Hunt has scrapped almost all the measures announced in September’s mini-Budget by predecessor Kwasi Kwarteng, apart from the cut to National Insurance and cuts to stamp duty.

The pensions industry has been given more time to prepare for the Pensions Dashboards next year.