The impact of the Coronavirus pandemic had led to a large increase in the numbers of younger people taking financial advice, but financial advisers are poorly equipped to help clients deal with the emotional and psychological roller-coaster ride their clients have endured during the Coronavirus pandemic, and the impact it has had on markets and their investments, according to new research.

Pensions and investment planning software firm Selectapension has been acquired by the Perseus operating group of Canadian technology company Constellation Software.

Activist investment firm PrimeStone Capital has praised wealth management giant St James’s Place for its “constructive dialogue” following the concerns it raised with the firm earlier this year.

Net inflows at Nucleus rocketed to £166m in its third quarter, a rise of 102% from the corresponding quarter the previous year, as the investment platform confirmed that is has completed its acquisition of part of OpenWealth’s UK business.

Wealth management and Financial Planning giant Quilter confirmed that is considering selling its international business.

A flood of insolvencies in 2021 could lead to a new gold rush for DB transfer in the new year as household budgets are squeezed, according to a new report.

Over a third (36%) of the adult population of the UK’s finances are in a worse position than three months ago, according to a new report.

The Financial Conduct Authority (FCA) has expanded the scope of its ban on the marketing of mini-bonds to retail investors.

Shirley Garrood, senior independent director at Hargreaves Lansdown, is to step down at the end of 2020 in order to take up the position of chair of Royal London Asset Management in 2021.

Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.