Discretionary fund manager 7IM saw profits rise to £9.5m in 2021, a rise of 83% from 2020.

Noel Maye, CEO of the Denver-based Financial Planning Standards Board, is standing down after 20 years at the helm of the global Financial Planning standards organisation which sets the benchmarks for Certified Financial Planners around the world. Financial Planning Today caught up with him to ask him about his milestones, the progress of Financial Planning in the UK and his plans for the future.

NS&I will increase the Premium Bonds prize fund rate from 1% to 1.4% from the June prize draw.

A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.

The Financial Ombudsman Service’s (FOS) quick complaints settlement initiative has seen £22m in redress secured for consumers.

Inheritance tax (IHT) receipts rose to £0.5bn in April, a £10m rise year-on-year.

Wealth manager Charles Stanley has revealed that the one-off fee for its new hybrid advice service 'OneStep' will be £900 (£750 plus VAT).

Wealth manager and Financial Planner Brooks Macdonald is to acquire Nuneaton-based Integrity Wealth (Holdings) Limited - which has £250m in funds under management - for an undisclosed sum.

Outgoing FCA chair Charles Randell - in one of his last major speeches before he stands down - has said that in hindsight “more could have been done” to protect people from the negative impacts of the Pension Freedoms which were introduced in 2015.

Wealth manager Charles Stanley has appointed Adam Benzimra as national sales manager to help grow its presence in the UK intermediary market.