St Albans Chartered Financial Planner firm Lumin Wealth has acquired Dorset-based mortgage adviser Davidson Deem for an undisclosed amount.

Hargreaves Lansdown has launched a new fund - the HL Global Corporate Bond Fund - as part of its strategy to provide a wider range of portfolio ‘building blocks’ to clients.

Pension consultancy and SIPP business XPS Pensions Group has reported pre-tax profits up 13% for the past year.

The PFS has launched a new Consumer Duty ‘resource’ hub to help Financial Planning members meet the new regulatory requirements arriving next month.

The Financial Conduct Authority and the Serious Fraud Office have signed a joint deal to co-operate more extensively on investigations including launching joint probes.

M&G Wealth’s managing director David Montgomery is to leave the business in August, the company has confirmed.

Evelyn Partners has signed a deal for the staff and clients of Glasgow-based wealth manager and Financial Planner PPM Wealth to join Evelyn. 

Two independent directors of the Personal Finance Society have quit the board and will fight to try and block the potential transfer of £19m in PFS reserves to the CII.

Inheritance tax receipts hit £1.2bn in April and May, a £100m rise year-on-year, according to figures released by HMRC this morning.

Wealth manager and Financial Planner Perspective has added £310m to its assets under management following the completion of four further acquisitions.