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FCA cancels permission of Liverpool CMC

The FCA has cancelled the Part 4A permissions of Liverpool-based claims management company MJL Focus Marketing (FRN 837145) after concluding it was not a “a fit and proper person.”

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Abrdn cuts losses to just £6m

Investment manager and Financial Planner Abrdn made a pre-tax loss of just £6m last year, a huge turnaround from the £546m loss posted the previous year.

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SJP co-founder Lord Jacob Rothshild dies at 87

Wealth manager St James’s Place has expressed its sadness at the death of one of its co-founders, Lord Jacob Rothschild, who has died at 87.

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MKC acquires Wealth for Women planning firm

Expanding Financial Planner and wealth manager MKC Wealth has acquired London-based Financial Planning Firm Wealth for Women for an undisclosed sum.

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Cost of living crisis makes half change pension plans

Almost half (49%) of working adults have changed their retirement plans because of the cost-of-living crisis, according to new research by the Pensions Management Institute (PMI).

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Standard Life and Fidelity launch smoothed pension

Standard Life - part of Phoenix Group - has linked with fund giant Fidelity to launch a new Smoothed Return Pension Fund which is designed to grow investments while offering some protection against the daily turmoil of investing.

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Schroders adds global equity impact fund

Schroders has launched a listed global equity impact fund in response to what it calls growing demand from clients for public equity-focused impact strategies.

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SIPPs boom as people save 18% more

People saved 18% more into their Hargreaves Lansdown SIPPs in the current tax year up to the end of December when compared to the previous year (April-December).

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£65bn Capital Gains 'hotspots' revealed

More capital gains tax is paid in one neighbourhood in Kensington than in Liverpool, Manchester and Newcastle combined, a new report has uncovered.

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Just and Sparrows launch decumulation solution

Retirement specialist Just Group has partnered with private investment firm Sparrows Capital to launch a retirement income solution which the two companies say will help advisers with decumulation strategies.

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