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St James's Place directors Sue Harris and Alison Hewitt have resigned from the board following Lloyds Banking Group's sale of its remaining holding in the wealth manager.

The industry-funded Money Advice Service (MAS) has ignored calls by MPs to cut its marketing budget, saying it needs the multi-million pound pot to "encourage people to take action" on financial matters.

The Financial Conduct Authority (FCA) has won its case at the Upper Tribunal to ban former derivatives trader David John Hobbs from performing any role in regulated financial services for lying to the regulator.

The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.

The Financial Conduct Authority (FCA) has said it recognises it has "much to prove" to the advisory industry, but hopes its actions and approach will show it is different from previous regulators.

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True Potential Investments has appointed former Platforum head of adviser relations Emma Napier as head of distribution.

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THE WINNER IS...

Ashcourt Rowan has agreed a deal to acquire high net worth investment IFA UK Wealth Management (UKWM), funding the purchase through a share placing.