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Financial advice firm Professional Financial Services (PFS) has been ordered by the Financial Ombudsman (FOS) to pay out after advising a client to invest in an unregulated collective investment scheme.

Leicester-based wealth adviser Westerby Investment Management has recruited three new members of staff from Berkeley Burke in an expansion move.

The Association of Investment Companies (AIC) is creating three new investment company sectors as part of a sector reshuffle.

 ofAlmost one in ten (9%) of investors said that the source of information they have increased the most to help manage their investments is social media, with 7% now regarding it as their most important source of information.

SIPP provider Curtis Banks has revealed the top technical queries its support team received in 2020.

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