Financial advice firms have welcomed the FCA’s proposal to remove the annual review requirement for advisers providing ongoing pensions and investment services.

The number of clients contributing £60,000 to their SIPP has increased 61% since the annual allowance was raised in the 2023/24 tax year, according to new data from investment platform Hargreaves Lansdown.

The Financial Conduct Authority is consulting on removing the annual client review requirement for financial advisers who provide ongoing pensions and investment services.

Bath-based Financial Planner and wealth manager Fidelius appoints Paul Gordon to lead its expanding medical Financial Planning arm.

The Consumer Prices Index rate of inflation was 3% in the 12 months to February - unchanged from the previous month - but experts have warned that continuing oil price rises will potential push up the rate in coming months.

The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2m for misleading the PRA over their capital positions.

The number of ISA millionaires is set to have trebled over the last three years, according to analysis of recent HMRC data.

The FCA has warned firms to get ready for new rules and guidance to help tackle non-financial misconduct (NFM), such as bullying or harassment in the workplace.

HNW-focused investment manager Wealth Club has launched a private markets Self Invested Personal Pension (SIPP) to help investors cope with stock market volatility.

Adviser investment platform Fundment has topped a new survey of advisers, outperforming more established providers on adviser service despite not being among the most widely used platforms.