Investment manager Schroders has begun the search for a new CEO following news that current CEO Peter Harrison will be retiring after a decade on the board.

The Consumer Duty Alliance is to support the launch of a new Retirement Income Taskforce to be chaired by leading pensions campaigner Margaret Snowdon.

The FCA has instigated criminal proceedings against Lee Steven Maggs, 38, of Sittingbourne, Kent, for two counts of fraud and one count of breaching the Financial Services and Markets Act 2000 (FSMA). 

Former Labour minister and lifelong pensions and anti-poverty campaigner Frank Field, Lord Field of Birkenhead, has died at 81 after a long battle against prostate cancer.

The news that the FCA is extending its sustainability rules to portfolio managers has been welcomed by the industry.

The Personal Finance Society has launched a new course designed to help Financial Planners and advisers adapt to social and regulatory expectations on sustainable investment.

The CISI has appointed Financial Planner Jonathan Gibson CFP Chartered FCSI and Shaid Moughal ACSI as co-Presidents for the CISI Scotland committee.

Some 77% of investment professionals expect to allocate more money to real estate over the next 12 months, leading to expectations of an increase in demand for property.

Wealth manager and stockbroker Redmayne Bentley is to acquire the client assets of failed Liverpool wealth manager and stockbroker Blankstone Sington, subject to regulatory and court approval.

The FCA is proposing to extend its anti-greenwashing labelling rule for sustainable investments to portfolio managers.