Inheritance Tax receipts rose by £400m year on year to £3.9bn in the latest half year from April to Sept - continuing the rapid upward trend seen in recent years, according to the latest data from HMRC.

The number of newly-opened complaints about decumulation and pensions in the first half of 2023 was up 20% year on year, according to new data from the FCA.

M&G is to suspend and wind up its troubled M&G Property Portfolio Fund and sister fund, the M&G Feeder of Property Portfolio.

Wealth manager and Financial Planner Quilter has added a new online consumer panel as part of its response to the FCA’s new Consumer Duty.

Total assets under management rose 19.8% year-on-year to £14.78bn for investment manager Tatton Asset Management for the six months ended 30 September.

Global Financial Planning professional body The Financial Planning Standards Board has added a new award recognising individuals for their outstanding contributions to the profession.

Advised customers increased 10% year-on-year to 159,256 at platform and SIPP provider AJ Bell for the year ending 30 September.

Investment provider Hargreaves Lansdown has reported client numbers rose by 8,000 to 1.812m in the latest quarter, according to a trading update issued today.

Accountancy professional body ICAEW has partnered with technology firm RQ to launch an online platform enabling Chartered Accountants and Financial Planners to refer clients.

Financial Planner and accountancy firm Old Mill has appointed Financial Planner and digital advice specialist Hugh Johnson to its wealth management team.