UK investors moved £409m into funds in February as ISA savers continued to commit to long-term investing, according to the fund sector’s trade body. The Investment Association said equity funds saw outflows ‘soften’ during the month. Outflows fell to £696m in February, down from January’s £916m and a more positive figure after 2022’s record £25.7bn […]

There was a bit of good news this week in the seemingly never-ending war on scammers and financial crime. The FCA announced its first prosecution of scammers running not one, but two cloned financial firms. This milestone marks the first time the FCA has tracked down scammers running cloned or ‘copied’ businesses. Together with the […]

Three individuals behind an investment fraud which conned £1.2m from UK investors have been convicted and sentenced to a total of 24.5 years. A fourth defendant was convicted for trading without FCA authorisation.  The defendants lived lavish lifestyles, the court heard, using investors’ money. There were large cash withdrawals, expensive foreign travel, cosmetic dentistry, online […]

Adviser support firm and Sense network owner Adviser Services Holdings Limited (ASHL), has launched a new national advice business called LYNC Wealth Management after making two wealth manager acquisitions. ASHL has acquired Sheafmoor Money Management in Sheffield and North Financial Management in Belfast to form the base for LYNC. The two deals, for undisclosed sums, […]

The Financial Planning Standards Board (FPSB), the global Financial Planning professional body, has launched a major update to its global Financial Planning standards to take account of evolving technology and trends in the profession. The FPSB, the provider of the Certified Financial Planner designation outside the USA, is adding new sections to its standards covering […]