The amount of with profits business fell 15% in 2022 as the gradual decline of the sector was accelerated by the increase in interest rates during the year.

The Personal Finance Society (PFS) has urged Financial Planning and advice firms to improve their knowledge and awareness of ESG and sustainable financial advice.

Evelyn Partners’ head of compliance in Jersey, Rosemary Satchwell, 55, has completed a record-breaking Atlantic crossing as part of the oldest female crew to row across an ocean.

The Financial Conduct Authority has cancelled the permission of KBFS Financial Limited (FRN: 831504) to carry out regulated business following restrictions imposed in October over concerns about its failure to pay redress to former members of the British Steel Pension Scheme.

National adviser network Vision Independent Financial Planning has appointed managing director Zoe King as chief executive while Paul Sweaton, former chief executive, has become executive chair.

Three crooks who laundered funds fraudulently obtained from 350 people tricked into investing more than £12m in a boiler room fraud were sentenced on Friday.

The FCA says a crackdown on illegal investment advertising on the internet helped cut investment fraud in 2023, with overall losses down 40%.

Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.