The chairman and founder of wealth adviser and pensions firm Westerby Group, Les McLintic, has sold the business to employees via an Employment Ownership Trust (EOT).

The Financial Services Compensation Scheme has declared two financial adviser firms in default this week after receiving a growing number of claims from ex-clients.

Financial Planners are seeing an influx of questions on the new pension scheme returns format required for small self-administered schemes (SSAS), according to a trade body.

Planners have urged investors not to make any knee-jerk reaction to the newly introduced import tariffs from the US government.

Fund outflows fell to £562m in February from £3bn in January, according to the latest data from the Investment Association, the fund managers' trade body.

Financial services mutual Wesleyan Financial Services has appointed former FNZ CEO Paul McMahon to its board as a non-executive director.

The Financial Ombudsman Service will freeze its case fees at £650 for Financial Planner respondents for its 2025/26 year.

Financial Planning technology firm Ortec Finance has appointed Mark Glover as managing director and head of UK wealth management.

The value of acquisitions of financial advice firms rose considerably in 2024 due to an increase in the acquisition of firms with over £1bn in assets under advice.

The FCA has decided to hold off introducing new rules on sustainability-related governance and the transition to net zero for regulated firms following a consultation with the industry.