Revenues increased 80% (year-on-year) to £18.4m at financial advice firm Frenkel Topping for the year ending 31 December 2021.

Acquisitive Financial Planning group Kingswood has appointed David Lawrence as group CEO. 

The Financial Conduct Authority today used emergency powers to block many of the financial advice firms who gave advice to members of the British Steel Pension Scheme (BSPS) from selling assets to avoid paying compensation.

Mini-bond provider Vector Wealth has gone into administration today after an application to the High Court by a director of firm to wind up the business.

Two pension trustees have been jailed for their part in a £13m ‘pension liberation’ scam which saw hundreds of savers lose their pension pots following a fraudulent pension transfer.

Consumer confidence is in “freefall” - including the confidence of personal finance savers.

The FCA has expressed concerned about “weaknesses” in financial crime controls at some Challenger banks.

Pension consultancy and administrator XPS Pension Group has reported 8% growth in revenues over the past year thanks to strong growth in advisory revenue, according to a trading update ahead of its full year results in June.

The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

Fintech firm Moneyhub is to launch a pilot application which it claims will enable consumers to automate Financial Planning.