The Government has launched its ‘Coronavirus Business Interruption Loan Scheme’ today with the offer of interest and fee-free government-backed loans of up to £5m to SMEs.

The FCA has written to companies about to publish preliminary financial statements to tell them to delay  publication. 

Wealth management trade body PIMFA is to hold weekly meetings with the FCA on how the Coronavirus epidemic is affecting members.

Crooks and scammers have been taking advantage of the Coronavirus epidemic to ramp up their fraud operations with a 400% increase in virus-related fraud in March.

Law firm Shearman & Sterling has applied for a judicial review into the FSCS’s handling of compensation for victims of the £236m London Capital & Finance mini-bond firm.

LV= has moved from a £90m pre-tax loss from continuing operations in 2018 to a profit of £15m last year following a major restructure and cost-cutting.

The Paraplanner Powwow movement, the support group and event organiser for Paraplanners, has established a number of member-led initiatives to help Paraplanners cope with the impact of Covid-19 on their lives and work.

Acquisitive IFA and Financial Planning group Tavistock has secured £650,000 in new investment from industry veteran Hugh Simon, owner of the Hong Kong and London-based boutique Hamon.

The Government is to include financial advisers in its sweeping review of the tax advice market.

Software firm Prestwood, which provides the Truth cashflow modelling system used by many planners, says its office will continue to be staffed so that users can call its helpdesk.