Financial Planner and wealth manager Quilter has appointed Sarah Houlston as the firm’s new chief operating officer.
Read more ...112 new advice firms registered in June
- Wednesday, 31 July 2024
- Articles
There were 112 new financial advice firms registered with the FCA in June, according to new analysis of FCA data.
Read more ...6 in 10 financial firms hit by ‘ransomware’ attacks
- Wednesday, 31 July 2024
- Articles
New research suggests that 59% of financial services firms have been hit by a ransomware or cyber attack in the past 12 months.
Read more ...Pension scam warnings highest for 9 months
- Wednesday, 31 July 2024
- Articles
Pension scam warning ‘flags’ have climbed to their highest level in nine months, according to an update from pensions consulting and administration business XPS.
Read more ...UAE-based Hoxton Capital buys fourth UK IFA firm
- Tuesday, 30 July 2024
- Articles
International financial advisory firm Hoxton Capital Management has made its fourth acquisition in the UK this year with a deal for an undisclosed sum to buy St Albans-based Chequer Financial Services.
Read more ...Acquisitions help Fintel grow profits by 6.6%
- Tuesday, 30 July 2024
- Articles
Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said acquisitions have helped the business grow its profits by 6.6% in the last six months.
Read more ...FCA's rulebook review welcomed by industry
- Tuesday, 30 July 2024
- Articles
The FCA’s rulebook review on 'streamlining' red tape post the Consumer Duty, has been welcomed by the industry.
Read more ...FSCS pays out £423m in compensation in one year
- Tuesday, 30 July 2024
- Articles
The Financial Services Compensation Scheme (FSCS), the safety net scheme for consumers, paid out £423m in compensation to customers during its 2023/24 year, £20m higher than the previous year.
Read more ...FCA fines 3 over £6m ‘marketing fees’ for high-risk SIPP
- Tuesday, 30 July 2024
- Articles
Three financial advisers who pocketed almost £6m in ‘marketing fees’ relating to a SIPP which included inappropriate high-risk bonds, have been penalised almost £4m by the FCA and prohibited from any regulated activity.
Read more ...Chancellor to present first Budget on 30 October
- Tuesday, 30 July 2024
- Articles
Chancellor Rachel Reeves MP will present her first Budget on 30 October after yesterday announcing plans for £22bn of government spending cuts to plug a hole in government finances.
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