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Latest News - Charles Walmsley

What Lighthouse’s biggest investor thinks of the Quilter deal

Shareholders in Lighthouse are holding out for a better offer than the £42 million Quilter has dangled in front of them to buy the AIM-listed national advice business

Head of Sanlam's SJP challenger partnership business exits

Sanlam’s advice partnership chief Alex Morley has left the business

FCA commits to raising FOS limit to £350k

The FCA will push ahead with its plan to raise the ombudsman award limit to £350,000 despite warnings from insurers that advisers' professional indemnity costs could rise by as much as 500%

FCA appoints new consumer panel chair

The Financial Conduct Authority has appointed Wanda Goldwag to lead the Financial Services Consumer Panel

Revealed: Consolidation is fuelling FSCS bills worth millions

Three advice giants have acquired businesses, client banks or advisers from firms that have racked up FSCS claims worth a combined £46 million. This is just one of the findings from exclusive research by New Model Adviser®

FCA warned against raising FOS compensation over PI concerns

The Financial Conduct Authority (FCA) has come under pressure to row back on plans to raise the highest Financial Ombudsman Services (FOS) compensation limit from £150,000 to £350,000.

Former adviser cleared of £137k fraud

The former managing director of a financial advice firm has been found not guilty of committing a £137,000 fraud with his mother's money.

Octopus launches restricted advice business

Investment company Octopus has launched a restricted financial advice business targeted at people who find traditional businesses 'grey and boring'.

Royal London hires Standard Life Aberdeen director as chair

Royal London has appointed Standard Life Aberdeen non-executive director Kevin Parry as its new chair.

Around 500 footballers lost £1bn from poor wealth advice

More than 500 former football players have lost as much as £1 billion through poor investment and tax advice, the Guardian reports.