New Model Business Academy, the adviser academy run by SimplyBiz, has been criticised by education inspector Ofsted for a second year after it was found to be “making insufficient progress” from its previous inspection.

PIMFA has called on the Government and the Financial Conduct Authority (FCA) to urgently reform the supervision of financial advice and consumer compensation through the Financial Services Compensation Scheme (FSCS).

The FCA is to regulate pre-paid funeral plans from summer 2022, it announced this week.

The Financial Conduct Authority has fined FX options broker TFS-ICAP £3.44m for giving misleading information to clients.

Sheffield-based Financial Planners Belmayne have enlisted their local MP to help them fight rising FSCS levy costs which have seen the firm hit with £2,000 bill increase.

The Financial Conduct Authority is set to increase fees paid by new businesses seeking authorisation, according to its latest consultation paper.

The FCA has abandoned plans to ban platform exit fees.

The Chartered Insurance Institute is to end ‘gap-filling’ as an option for financial advisers applying for a Statement of Professional Standing from the end of August 2021.

Former Pensions Minister Baroness Ros Altmann has criticised the government for the “snail’s pace” of progress on the long-awaited Pensions Dashboard.

The Association of British Insurers (ABI) has called for a shift in the regulatory boundary for pension providers in order to “tackle the advice and guidance black holes.”