A North-East Wales credit union has been declared in default by the Financial Services Compensation Scheme (FSCS).

Wealth manager Brewin Dolphin saw its Financial Planning income rise 25.3% to £11.9m in the first quarter of its financial year ending 31 December.

Acquisitive Financial Planning and wealth management firm Kingswood has acquired South-Yorkshire-based D.J.Cooke (Life & Pensions) in a deal totalling £1.5m.

Asset manager M&G’s wealth management arm has partnered with robo adviser Moneyfarm to launch a direct to consumer digital wealth proposition.

Martin Gilbert’s AssetCo has confirmed that it is to acquire investment manager River & Mercantile Group (RMG).

Tilney Smith & Williamson-owned platform Bestinvest is to “transform” into a hybrid advice service.

Challenger bank Monzo is to launch an investments and wealth business.

Pension transfer activity dropped to its lowest level in four years in December.

Regulation is the biggest challenge faced by Financial Planners in 2022, according to a poll from the Personal Finance Society (PFS).

Staff at the Financial Conduct Authority will vote this week on taking action over concerns about cost-cutting at the regulator.