Wealth management and Financial Planning firm Quilter has called for new legislation to protect consumers from the dangers of online investment scams.

The Chartered Institute for Securities & Investment (CISI) has appointed St James’s Place Paraplanner Sally Plant as its new head of Financial Planning.

The median gender pay and pension gaps at the Chartered Insurance Institute have narrowed in the last 12 months, the financial professional body has reported.

The Financial Ombudsman Service has so far received over 10,000 Covid-19-related complaints, according to its quarterly report out today.

The Financial Services Compensation Scheme declared 45 firms in default between May and October, including several Financial Planning, SIPP and wealth management firms.

The Financial Ombudsman Services has made 128 staff redundant over the past 12 months as its workload has fallen, according to its 2019/20 Annual Report and Accounts.

STM Group, the financial services and SIPP provider, has added £5m to its takeover war chest to fund further acquisitions.

London-based Chartered Financial Planning Firm Capital Asset Management has hired a business development director as it gears up for a growth push.

Senior executives from accountancy firm Beavis Morgan and general insurance firm Jelf have teamed up to launch a new Bristol-based Financial Planning business with plans to acquire adviser firms.

Chancellor Rishi Sunak has extended the furlough scheme until the end of March, with the government paying up to 80% of wages.