Retirees who take financial advice are £47,000 better off in retirement - on average - than people who take no advice, according to a think tank which wants government to do more to encourage take up of financial advice.

The FCA has abandoned plans to ban platform exit fees.

The Personal Finance Society has launched a new library of virtual video courses for its ‘My Personal Finance Skills’ curriculum to boost financial education in schools.

The FSCS has revealed that some compensated clients are losing their money a second time when they invest with another firm which also goes on to fail.

Wealth manager Brown Shipley, part of Quintet Private Bank, has appointed former Julius Baer head of relationship management Martin Cuthbert as the new head of its Manchester office.

The Financial Conduct Authority expects a significant number of smaller regulated firms to fail over the next few months.

Quilter has appointed Karen Blatchford as distribution director of its UK platform business Old Mutual Wealth.

Wealth management and Financial Planning group Quilter said that while the UK economy expanded the most on record in the third quarter this is a catch-up and the bounce back has already begun to end.

Between September 2019 and September 2020, Action Fraud received over 17,000 reports of investment fraud amounting to £657.4m in reported losses.

A report from The Office for Tax Simplification, commissioned by Chancellor Rishi Sunak, has recommended a major overhaul of capital gains tax.