Daniel Harrison, chief executive of recently-acquired Financial Planning and wealth management firm True Potential, has warned owners of Financial Planning firms to beware of over-generous offers for their businesses.

STM Group, the international financial services provider which owns Carey Pensions (now known as Options), is to make its chief operating officer Peter Marr redundant in the second half of the year as it downsizes its executive team.

Sanlam is to sell its UK Financial Planning and wealth management businesses but will retain its UK asset management arm.

Financial Planning and wealth management firm Perspective Financial Group has completed the acquisition of four IFA firms in Warrington, Sevenoaks, Burford and Bury.