FCA chief executive Andrew Bailey has delivered a keynote speech on the ‘wealth of diversity’ - urging more organisations to follow the FCA’s lead in increasing representation of women and minorities.

The Financial Ombudsman Service (FOS) has reported it took on close to 93,000 new complaints in the period October-December.

Wealth manager and Financial Planning firm Tilney has recruited Chris Moore from Smith & Williamson as an associate investment director.

Research into retirement preferences among over-50s has revealed that many have a fear of missing out (‘FOMO’) when they finally stop working and many favour a phased retirement approach as a result.

The FCA has warned about the growing threat of investment scams as it revealed £197m of fraudulent losses were reported last year.

The financial services profession’s confidence in the UK’s economic prospects has fallen to its lowest level since 2012, according to the latest survey by the Chartered Institute for Securities & Investment (CISI).

Manraj Virdee, the director of a firm running an illegal unauthorised investment scheme (UCIS), has been given a two year suspended prison sentence following a case brought by the FCA.

DD|hub, a new free-to-use service to help financial advisers with DFM due diligence, has launched today.

The Financial Conduct Authority has fined Paul Stephany, a former fund manager at Newton Investment Management, £32,200 for his conduct in relation to an Initial Public Offering.

Wealth manager and SIPP firm Mattioli Woods has made 18 staff redundant from a workforce of 622 as it pushes through “operational efficiencies” following  a period of rapid expansion and acquisition.