Financial Planning and wealth management group Shackleton has signed a deal to acquire the Hurst Point Group and jointly create a Financial Planning and investment company with £17.5bn in assets under advice and management.

One of the main talking points this week has been the FCA’s Adviser Survey which seems to point to both positive and negative factors, as far as the professional advice sector is concerned.

The Financial Conduct Authority is leading a global campaign of action to tackle illegal finfluencers who are scamming and conning consumers. 

Wealth manager and platform provider Quilter says that the FCA’s Adviser Survey, released yesterday, shows signs that the advice profession is “starting to renew itself.”

The normal minimum pension age rules from HMRC have created a potential confusing gap for those born between 6 April 1971 and 5 April 1973.

Sapia, the principal of failed wealth manager WealthTek LLP, has agreed to pay more than £19m to WealthTek clients after failing to protect their money.

The number of advised customers rose 7% year-on-year for platform AJ Bell to 189,000 in the first quarter of the year.

The number of adviser firms has fallen by 15% since 2021 although the number of advisers overall has remained steady at 31,000.

Paul Darvill is to join pension administrator SeaBridge SSAS as head of technical after over 30 years at SIPP and SSAS administrator Talbot and Muir.

An intensive marketing campaign helped drive rapid growth in new assets under influence in Q1 at Plymouth-based national IFA Continuum.