Fintech Defaqto, which provides the Engage Financial Planning software system, has acquired the tax-efficient investment research firm MICAP from Indagate Group for an undisclosed sum.

Latest FCA data shows a sharp drop in the number of regulated firms in April as the number of authorised firms continues to tumble.

Latest data from HMRC has revealed that many more pensioners are filing tax returns than younger taxpayers.

Assets held on platforms grew 6.5% to £865.8bn in the three months to June as net sales broke through £17bn for the first time, according to data released today.