The Treasury has moved a step closer to making the underlying investments in mini-bonds a fully regulated activity to protect consumers after the £237m collapse of mini-bond provider London Capital & Financial (LCF).

Wealth manager and Chartered Financial Planner Brown Shipley has expanded its presence in the East of England with the recruitment of eight additional client advisers plus a managing director.

Aviva is to acquire Financial Planning-focused wealth manager Succession Wealth for £385 million. 

The Financial Conduct Authority (FCA) is to offer 800 of its lower paid staff a pay and benefits increase worth £5,500 each.

The Financial Conduct Authority (FCA) has introduced a cap on fees for claims management companies (CMCs).

Wealth management and Financial Planning firm Tilney Smith & Williamson is to rebrand as Evelyn Partners this summer.

The Chartered Insurance Institute (CII) has confirmed that it will do a U-turn and reinstate the axed position of Personal Finance Society (PFS) CEO. 

Assets on platform engine GBST’s platform solution, Composer, increased by 18% to £180bn in 2021.

JP Morgan and Liontrust have suspended funds exposed to Russia following the invasion of Ukraine.

Net flows from advisers doubled in 2021 to £3.9bn for investment manager and platform provider Abrdn (2020: £1.9bn).