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FCA to introduce ‘once-in-a-generation’ advice reforms


By Michael Griffiths

The Financial Conduct Authority (FCA) has announced new changes to investment advice rules in what it described “once-in-a-generation” reforms.

Proposals from the regulator would allow firms to offer a new type of help it has called “targeted support” and make suggestions to groups of consumers with common characteristics


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Monthly net mortgage approvals rise for first time in 2025 – BoE

Net mortgage approvals for house purchases increased to 63,000 in May, a total up by 2,400 compared to April, new Bank of England (BoE) figures have shown

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3.5 million first-time buyers ‘waiting in the wings’ – IMLA

Around 3.5 million households who might have expected to buy a home since the financial crisis are still waiting to enter the market, analysis from the Intermediary Mortgage Lenders Association (IMLA) has revealed

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Residential property transactions dip year-on-year in May – HMRC

Residential property transactions across the UK fell by 13% in May compared to last year, new HMRC data has shown

Wealth management M&A set for record-breaking year

The UK wealth management industry is set for a record-breaking year of mergers & acquisitions (M&A), with 77% of wealth managers planning acquisitions in 2025, according to SEI

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FCA ban on former Barclays CEO upheld by Tribunal

The Financial Conduct Authority’s (FCA) decision to ban former Barclays CEO, Jes Staley, from holding senior management roles in the financial services industry has been upheld by the Upper Tribunal
CHL Mortgages for Intermediaries joins All Money Matters panel

CHL Mortgages for Intermediaries has joined All Money Matters’ lender panel via its 1APP aggregator platform

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IG launches campaign to increase stock market investment

Investing and trading platform IG has launched a new campaign in a bid to “reverse the alarming decline of the UK’s equity market”

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Popularity of trusts on the rise as pensions set to move into scope of IHT

Legacy wealth planning is becoming increasingly significant and trusts are playing a larger role in financial planning as pensions are set to come into scope of inheritance tax (IHT) from April 2027, according to Quilter

IHT receipts jump 7% year-on-year in May

Inheritance tax (IHT) receipts totalled £1.5bn between April and May, increasing by 7% year-on-year in the first two months of the tax year, HMRC has revealed

Late payment interest on income tax soars to £513m in last five years

HMRC has charged £513m in interest on the late payment of income tax since 2020, a new Freedom of Information (FOI) request submitted by NFU Mutual has shown

Number of estates liable for IHT to surpass 37,000 by 2027

The number of estates in the UK subject to inheritance tax (IHT) will exceed 37,000 by 2027, according to analysis by Irwin Mitchell

FCA to introduce ‘once-in-a-generation’ advice reforms

The Financial Conduct Authority (FCA) has announced new changes to investment advice rules in what it described “once-in-a-generation” reforms. Proposals from the regulator would allow firms to offer a new type of help it has called “targeted support” and make suggestions to groups of consumers with common characteristics

FCA ban on former Barclays CEO upheld by Tribunal

The Financial Conduct Authority’s (FCA) decision to ban former Barclays CEO, Jes Staley, from holding senior management roles in the financial services industry has been upheld by the Upper Tribunal

FCA to initiate ‘public conversation’ on mortgage market future

The Financial Conduct Authority (FCA) has announced plans to initiate a “public conversation” on the future of the mortgage market

Siblings convicted of insider dealing and money laundering worth £1m

The Financial Conduct Authority (FCA) has secured convictions against a brother and sister for insider dealing and money laundering offences

Wealth management M&A set for record-breaking year

The UK wealth management industry is set for a record-breaking year of mergers & acquisitions (M&A), with 77% of wealth managers planning acquisitions in 2025, according to SEI

Over four in five ‘easy access’ savings accounts come with restrictions

Over four in five (82%) easy access savings accounts offered by the UK’s main current account providers have some form of restriction attached, according to research by Spring

Bank of England holds base rate at 4.25%

The Bank of England (BoE) has confirmed it will hold interest rates at their current level of 4.25%

UK inflation remains at 3.4% in May

UK inflation held at 3.4% in May, the Office for National Statistics (ONS) has revealed, ahead of the Monetary Policy Committee’s base rate announcement tomorrow

Two-thirds of workers missing out on salary exchange pension boost

Just over a third (35%) of salaried workers are enrolled in their company’s salary exchange scheme, Scottish Widows has found, warning that the rest could be missing out on a pensions pot boost potentially worth tens of thousands of pounds

Third of savers feel confident about affording retirement

The majority of pension savers are not confident they can afford to retire, according to research from Hargreaves Lansdown, which found that just 36% of people surveyed are confident they can afford to retire

Grant Thornton Pensions Fund secures £275m buy-in with Royal London

The Grant Thornton Pensions Fund has secured a £275m buy-in with Royal London, securing the benefits of around 2,200 members

Morrisons pension scheme completes £270m buy-in with Aviva

The Morrisons Retirement Saver Plan has completed a £270m buy-in with Aviva, securing the retirement benefits of over 32,000 deferred members of the RSP Section of the scheme

IG launches campaign to increase stock market investment

Investing and trading platform IG has launched a new campaign in a bid to “reverse the alarming decline of the UK’s equity market”

SMEs increasingly look to spread cost of tax bills – Premium Credit

The number of SMEs looking to spread the cost of tax bills has more than doubled over the past two years, Premium Credit has found

Par Equity and Praetura Ventures merge to create £670m PXN Group

Par Equity is to merge with Praetura Ventures and its adviser-focused arm, Praetura Investments, to create a new venture capital and investment firm, PXN Group

British Business Bank announces £10m investment in Shawbrook Bank

British Business Bank has announced a £10m tier two investment in Shawbrook Bank, as part of its latest £75m capital raise

Verso develops strategic platform partnership with Nucleus

Wealth management consolidator Verso has developed a strategic partnership with Nucleus to launch a new platform

AJ Bell launches new advice platform

AJ Bell has launched a new streamline platform, AJ Bell Touch, to help financial advisers implement investment advice for their clients

Two thirds of advisers ready to move to new CRM system

Over two thirds (69%) of advisers are ready to "break up" with their CRM systems, Twenty7tec has found

Foster Denovo to launch new digital advice tool

Foster Denovo has developed a new digital tool that aims to make financial advice more accessible by bridging the “advice gap”

News in brief – 30 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Market Harborough Building Society, Vida Homeloans and Dudley Building Society

CHL Mortgages for Intermediaries joins All Money Matters panel

CHL Mortgages for Intermediaries has joined All Money Matters’ lender panel via its 1APP aggregator platform

News in brief – 27 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Together, Roma Finance, Yorkshire Building Society

News in brief – 26 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Atom bank, Fleet Mortgages, and London Credit

Lending with a difference: A conversation with Family Building Society’s Nathan Waller

With demand growing for more flexible mortgage solutions, Family Building Society is carving out a strong reputation in later life, family-assisted, and buy to let lending. We speak to Nathan Waller, Business Development Manager at Family Building Society, to discuss how they’re supporting brokers, addressing complex borrower needs, and adapting to an evolving market.

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

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