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Telfer has spent more than 33 years at Baillie Gifford

Matthew Spencer takes on the leadership role

Repayable by October 2030 with interest rate of 12%

Several incidents witnessed, bodies say

‘We want to be in a position where we can look after all our advisers’

Advice firm declared in default after first claim was upheld

National IFA has snapped up Fareham-based In Focus Group

The firm recorded a £2.6bn increase in AUM thanks to 'strong investments'

Expect update later this year, regulator says

‘I want to look back in five years and have made a meaningful dent on the advice gap’