New research suggests that on average HNW individuals are providing £10,000 of support a year to hard-pressed family members.

Financial Planner and wealth manager Evelyn Partners has reported a recovery in inflows as inflationary headwinds have eased, with gross inflows up 50% to £2.1bn in Q4 2023.

Financial Planner and professional services firm Progeny has acquired HNW-focused Chartered financial advice firm Chartered Wealth Management, pushing Progeny’s assets under management to £9bn.

Financial advisers find ‘consumer support’ the most challenging Consumer Duty requirement, according to new research from Abrdn.

Wealth manager and Financial Planner Quilter has added three new investment directors to its team to provide more support to financial advisers.

Three experienced Financial Planners have set up their own new Financial Planning firm called Juniper based at Prestwick in Ayrshire, Scotland.

The Chartered Institute for Securities & Investment has launched new courses for financial services professionals to help boost their wellness and enable them to seek help for potentially addictive behaviour.

The Financial Services Compensation Scheme has said that it will pay the exit and administration charge (EAC) that the joint administrators propose to levy on Hartley Pensions Limited (HPL) customers, despite earlier saying that it could not.

The Prudential Regulation Authority (PRA) has fined HSBC £57.42m for failings related to Financial Services Compensation protection for customers.

Acquisitive fintech and adviser support services firm Fintel, the owner of SimplyBiz and Defaqto, has acquired financial services event firm Owen James Events for up to £2.3m.