Westridge SSAS has recruited three new executives a week after it bought James Hay’s SSAS book.

The Financial Conduct Authority (FCA) has commenced criminal proceedings against NatWest in respect to offences under money laundering regulations.

Acumen Financial Planning’s parent, The Financial Planning Group, has launched a subscription-based, online financial advice service aimed at younger professionals “priced out” of independent financial advice with fees starting from £75.

The CISI’s 2021 Financial Planning Conference, one of the UK’s biggest Financial Planning events in the calendar, is set to return as a live, in-person event this year and is one of the first in-person financial events announced so far in 2021.

Baroness Helena Morrissey has stepped down as a non-executive director at wealth manager St James’s Place after 14 months to become chair at investment platform AJ Bell.

The FCA has imposed restrictions on wealth firm Dolfin Financial (UK) Ltd which stop it from carrying out any regulated activities due to concerns about the way it conducts its business.

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.

Parmenion, the platform acquired for £102m last week, is to invest in its own proprietary technology rather than follow other platforms in using third party ‘platform engine’ providers such as FNZ.

The pandemic has spurred more than half of adults (53%) to seek financial advice to help with increasing money concerns. 

HUB Financial Solutions, the advice arm of retirement specialists Just Group, has unveiled an automated retirement advice service called Destination Retirement which will charge an initial fee of £299.