The FCA has fined HSBC Bank plc (HSBC) £63.9m for long-term failings in its anti-money laundering processes.

Wiltshire-based Lexington Wealth Management has gained CISI Accredited Financial Planning Firm status.

The Financial Services Compensation Scheme (FSCS) has paid out £91.1m to 7,750 LCF bondholders under the government’s compensation scheme in three weeks.

Rapidly expanding Financial Planning-focused advisory group Independent Wealth Planners (IWP) has acquired Throgmorton Wealth Management in its 30^th acquisition deal.

The North-South wealth divide is being exacerbated by fewer northerners having a financial plan in place, according to a new report.

Adviser platform Transact has reported a record £7.7bn of gross inflows for the year ending 30 September.

The Chartered Insurance Institute has reinstated its funding for local institutes for 2022.  

GAM International Management Limited (GIML) has been fined £9.1m by the Financial Conduct Authority after an investigation into conflicts of interest.

The Bank of England has increased its base rate from 0.1% to 0.25% today, the first rise in rates for three years. 

The Financial Ombudsman Service is planning to increase its budget by £44m to £283.8m in 2022/23 to cope with an expected increase in more complex cases.