The Financial Services Compensation Scheme, the safety-net scheme for retail investors, declared eight firms in default in June and July, it has confirmed.

Financial Planning group and platform provider Quilter today reported "record" first half results with a 164% rise in core net inflows to £1.7bn.

Fast-growing national Financial Planning firm Perspective Financial Group has notched up nine acquisitions so far this year, including the acquisition of four client books from its self-employed advisers.

The Financial Services Compensation Scheme has opened an investigation into media investment firm Great Point Investment Ltd (FRN 606798) after the firm entered creditors’ voluntary liquidation on 30 July.

The amount of fee income and commission regulated IFA firms made last year both fell from record highs in 2022, according to new data published by the FCA.

Adviser platform Transact has rolled out a new Family View tool which allows clients and planners to view multiple portfolios through one account and supports inter-generational planning.

Manchester-based claims management company Match Me Legal (FRN 838981) has had its authorisation revoked by the FCA after it failed to pay the regulator’s fees and levies.

Investment manager and Financial Planning group Abrdn has reported net inflows of £800m for the first half of the year, a major turnaround from £5.2bn of net outflows posted in the first six months of 2023.

Hargreaves Lansdown has given a private equity consortium four more days to firm up its £5.4bn offer for the company after already extending the deadline twice.

The Financial Conduct Authority has secured an order of £4m against an unauthorised mortgage broker and its associates who it described as "sham brokers" who exploited vulnerable consumers.