Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results.
Mini-bond firm Blackmore Bonds has collapsed this week owing £45m to investors in a move that echoes the recent failure of £236m mini-bond firm London Capital & Finance.
The CISI, the professional body which runs the Certified Financial Planner qualification, says it will consider compensating victims of the cyber attack its website suffered recently.
The Treasury has relaxed pension tax rules to allow more retired key workers, such as police officers, to return to duties to help tackle the impact of the Coronavirus outbreak.
Chartered Financial Planning firm Fairstone has added two more firms to its acquisition programme.
Due to the impact of Coronavirus the FCA has extended regulatory reporting deadlines temporarily and will also waive late return fees for SMEs.
The average stocks and shares Isa fell by 13.3% during the 2019/20 tax year.
Schroders Personal Wealth, Schroders’ new Financial Planning arm joint venture with Lloyds Bank, is establishing 11 regional hubs across the UK.
The FCA says that it may intervene in the professional indemnity insurance market for firms if insurers are unable to renew cover.
Platform and SIPP provider AJ Bell has reported client numbers up 22% to 262,179 over the past 12 months.