Over 23 million people have fallen through the financial advice gap at critical times in their lives, a report published today has indicated.

Rules originally designed to force bank bosses to take responsibility for misconduct through handing them fines and punishments look set to be extended across the whole finance sector – including advice firms – it has been announced this morning.

Alan Sugar’s former Apprentice adviser says the image of the pensioner as an old person crossing the road has been confined to a thing of the past - as a survey unveiled many over 55s looking to become later-life entrepreneurs.

A new simplified advice service to be launched by Intelliflo will be “a form of robo-advice” for advisers.

Several million pounds are to be confiscated following investment scams, which targeted many retirees, including a blind 89-year-old man.

FinaMetrica has this morning published data which it said highlights men’s hunger for risk is not much greater than women’s.

An outsourced Paraplanning business has opened up a larger third office to help it meet an “increasing volume of work” and announced plans to hire more Paraplanners soon.

The FCA has been told to adopt a communications approach which steers clear of “sensational headlines where possible”.

Inflation has again turned negative, falling to -0.1% in September, it was revealed this morning.

Financial Planning firm Bellpenny has completed two more IFA deals, increasing funds under management by over £150m and 500 extra active clients.