Fintech Defaqto, which provides the Engage Financial Planning software system, has acquired the tax-efficient investment research firm MICAP from Indagate Group for an undisclosed sum.

The number of adults holding an investment product rose to almost four in ten (37%) in 2022, according to the FCA’s Financial Lives survey.

Only three in five (58%) advised consumers had high levels of trust in their financial adviser in 2022, according to the latest FCA Financial Lives survey.

In the 2020/21 tax year the number of estates paying inheritance tax rose 17% year-on-year with pandemic deaths a factor in the growth, according to data released today by HMRC.

The Wealthtime platform is to rebrand as Wealthtime Select, as part of the rebranding of Anacap’s platforms under the Wealthtime brand.

Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.

Dame Alison Rose, CEO of the NatWest banking group, has resigned today following the sharing of information about Nigel Farage’s relationship with high net worth NatWest arm Coutts.

More than 7m people unsuccessfully attempted to contact one or more of their financial services providers in the 12 months up to May 2022, according to the Financial Conduct Authority.

The annual cost of a comfortable retirement has increased by nearly a fifth in the last two years as average spending by retired households climbs to £23,675 a year, new analysis of the latest Government data has shown.

Plymouth-based national IFA Continuum has reported assets under influence climbed 19% year-on-year to a record £1.814bn at the end of the second quarter of 2023.