Mutual provider Royal London has received High Court approval to consolidate the Royal Liver Sub-Fund and the Phoenix Life Assurance Ltd (PLAL) Sub-Fund into the Royal London Open Fund.

Defined Benefit pension schemes enjoyed an “unprecedented” £400bn fund improvement in 2022, according to pension consulting and admin firm XPS Pensions Group.

A new Treasury Report has highlighted the wealth management sector as “particularly vulnerable” to money laundering.

David Tiller, commercial and propositions director at wealth manager and Financial Planner Quilter, has died at 56 while on a walking holiday with friends.

Wealth manager Titan Wealth is to acquire Chartered Financial Planning firm Telford Mann for an undisclosed sum.

Anthony Arter and Keith Skeoch have both been honoured in the King’s first New Year’s Honours' List for services to the financial sector.

Frozen tax thresholds and a cut to the dividend tax allowance will see clients paying more tax in 2023, potentially leading to an increase in the number of Britons seeking financial advice.

Assets under management and administration rose 6.3% year on year at investment manager, Financial Planner, and stockbroker Redmayne Bentley for the year ended 31 March 2022.

The Personal Finance Society board will meet early in the New Year to discuss a formal response to intervention in its running by parent body the Chartered Insurance Institute.

Looking ahead to 2023, as Financial Planners we must be aware of the opportunities and challenges that lie ahead in the world of Financial Planning.