The Financial Conduct Authority has launched criminal proceedings against two brothers who allegedly dishonestly claimed their firm was authorised.

The Financial Services Compensation Scheme has declared a Nottingham-based wealth manager in default amid a flood of claims, many relating to SIPPs transfers.

Financial Planner Schroders Personal Wealth has recruited Ben Waterhouse from Barclays Wealth to be its new chief client officer.

Fund and wealth management group M&G has received the regulatory go ahead for its acquisition of financial adviser firm Sandringham Financial Partners.

Only 1 in 14 clients involve their children in meetings with financial advisers when discussing equity release, according to a new report.

Responsible investment fund flows increased to £1.8bn of net retail sales in November (October £1.5bn), according to new data from the Investment Association.

HMRC has waived late filing and late payment penalties for Self-Assessment taxpayers for one month.

IFA Prosperis has acquired Yorkshire-based Financial Planning firm AJ Hird for an undisclosed sum.

IFA consolidation Elevation Financial Group (EFG) has acquired Essex-based IFA Innovate Financial Solutions (Innovate).

The publication of 24 LIBOR settings has ended with a change in methodology coming into force for the six remaining Euro and Swiss Franc settings.