UK investment manager Baillie Gifford has urged shareholders to fight off a takeover attempt of three of its investment trusts by US hedge fund Saba Capital Management.

Nottingham Financial Planning firm Barkestone Wealth (FRN 507226) has had its permissions revoked by the FCA.

Close Brothers group chief executive Adrian Sainsbury has stepped down from his position to focus on his health, with effect from 6 January.

International wealth manager, Financial Planner and professional services firm Azets Wealth Management has acquired Newcastle-based Chartered Financial Planner Laurus Associates for an undisclosed amount.

With less than a month to go, 5.4m taxpayers still need to complete and pay their tax self-assessment and avoid penalties, HMRC has warned.

One in six (17%) of divorces in the last five years were postponed due to financial pressure according to new research, with the majority of splitting couples declining to use a financial adviser.

Charity leaders expect their investment risk appetite to increase in the next two years with four fifths - 81% - agreeing that is the case, although many fear a market correction.

The Chartered Institute for Securities & Investment has appointed Chartered Financial Planner Steven McBurnie as the new chair of its Paraplanner Interest Group (PPIG).

Fast-growing international Financial Planning firm Hoxton Wealth has added Jordan Maxwell as a Financial Planner in its UK team.

Women over 55 will receive nearly £6,000 less in pension income annually than men while spending £1,200 more than their expected pension income each year in retirement.