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Lloyds Banking Group is to cut over 1,000 jobs nationwide, with its wealth division among those facing significant cuts, according to the Unite union.

Sesame advisers will no longer be able to recommend non-mainstream investment products under the firm's new restricted proposition, managing director Stephen Gazard has said.

A private equity firm has bought a majority stake in national financial advisory business Succession.

SimplyBiz managing director Matt Timmins has joined the Association of Professional Financial Advisers (APFA) board.

Worldwide Certified Financial Planner numbers (CFP) have topped 150,000 after rising by 5,500 in the last year, the owner of the certification programme has said.

Advisers have to probe clients with both ‘positive' and ‘negative' questions to meet the regulator's expectations about assessing attitude to risk, according to Zurich strategic partner specialist Andy Woollon.

The West Bromwich building society is partnering with Towergate Financial to provide customers with independent financial planning and advice services in branch.

There exists a "nervousness" in the professional indemnity insurance (PII) market which could force more IFAs to offer restricted advice, according to Prudential distribution change director Russell Warwick.

The Financial Ombudsman Service (FOS) has said it will take into account good practice at the time an annuity was sold when judging complaints as it highlighted the variety of grievances it handles.

The Financial Services Compensation Scheme (FSCS) has started to process advice related claims regarding failed loan advice firm Welcome Financial Services Limited (WFSL).