St James’s Place CEO Andrew Croft is to receive a basic pay rise increase of nearly £30,000 per annum after his pay package fell last year when the firm suffered a drop in Funds Under Management.

Assets under management (AUM) at mutual provider Royal London shrank more than 10% from £164bn at the end of 2021 to £147bn last year.

Assets under management and administration (AUMA) at wealth manager Quilter fell 11% during 2022 to £99.6bn, from £111.8bn in 2021.

The financial management arm of Scottish law firm Gilson Gray has acquired Edinburgh-based bespoke practice Sarah Hughes Wealth Management for an undisclosed amount.

Pension savers have won more time to make voluntary National Insurance contributions to fill gaps in their National Insurance records and boost their State Pensions.

The disclosure regime should reflect the digital age and how consumers obtain and use information in other walks of life, according to Aegon.

Fintech and platform engine provider Bravura Solutions plans to downsize its UK offices as part of a global cost-cutting exercise, with some offices set to be cut altogether in Australia and New Zealand.

The Money Purchase Annual Allowance (MPAA) has created a pensions tax trap for millions of people aged over 55, according to new research.

Expanding Financial Planner and wealth manager Fairstone has acquired £200m FUM Lincolnshire Chartered Planner firm MT Financial Management.

The sale of failed firm Rowanmoor Personal Pensions Limited (RPPL) to SIPP and SSAS provider Alltrust completed on Friday 3 March 2023 following exchange of contracts in December 2022.