The FCA has fined asset manager GAM International Management Limited (GIML) £9.1m and also fined one of GIML's investment managers for conflicts of interest failings related to gifts and entertainment received from the collapsed Greensill investment business.

The Financial Ombudsman Service has today confirmed it will increase its annual budget for the coming year by just over 18.5% to £291.7m.

The CISI, the professional body for Certified Financial Planner (CFP) Professionals, has this week launched its new pathway to CFP status for planners holding the rival Chartered Financial Planner designation.

A sentencing date has been set for two people charged in connection with a £13m pension transfer fraud.

The UK Government will collect £37bn in inheritance tax over the next five years according to the latest predictions from the Office for Budget Responsibility (OBR).

Private equity investment firm HPS Investment Partners has purchased a majority stake in adviser platform Nucleus for an undisclosed sum.

Rhian Morgan and Kevin Mackenzie of Acumen Financial Planning have joined the board of parent company The Financial Planning Group.

Cyber security incident reports to the Financial Conduct Authority (FCA) rose 52% in 2021, with 116 reports received.

IFRS trading profit for life, pensions and investments provider LV= jumped by 222% to £29m in 2021 as the firm’s CEO says LV= will seek to retain its independence. 

New figures from the FCA reveal that over 2,000 new fintech firms have applied for support since its Innovation Hub was opened in 2014.