HMRC has fined a London firm a record £7.8m as part of a crackdown on money laundering.

XPS Pensions Group (XPS) has appointed Harry Harper as head of risk transfer, the firm has revealed.

The St James’s Place Academy has celebrated its 500th graduate successfully completing the firm’s in-house training programme.

Charles Randell, chair of the FCA, has today announced the appointment of Marlene Shiels, chief executive of Capital Credit Union, as chair of the FCA’s Smaller Business Practitioner Panel.

Fintech firm Defaqto has extended the capability of its end-to-end Financial Planning software with the addition of MiFID II portfolio cost analysis ability.

SIPP provider Curtis Banks Group has revealed increased profits and assets in its interim results for the six months to 30 June.

Wealth management group Tilney, which manages more than £25bn of assets, is expanding its Financial Planning team in Cambridge with two new hires.

Robo-advisers were selected as the preferred investment provider by 4% of the UK's mass affluent investors, a sharp increase on the 1.3% seen in 2018.

Chancellor Sajid Javid has rejected a call to kill off in the near future the Retail Prices Index (RPI) measure of inflation – a figure used for the indexation of many pensions and financial products.

Growing wealth manager and Financial Planner Kingswood has acquired Sheffield-based IFA business WFI Financial LLP for £14m.