Wealth manager and Financial Planner Kingswood made a pre-tax loss of £3.7m in the first half of the year due mainly to the £4.1m cost of acquisitions in the period, the firm reported today.

Private equity firm Oaktree has acquired Sanlam Wealth UK from its South African parent company for £140m.

London-based SIPP and SSAS consolidator Wilton has signed a deal to acquire SSAS firm Bespoke in the latest move in a rapid acquisition drive. 

Life and pensions consolidator Chesnara is to acquire Sanlam UK's Life & Pensions arm (SLP) for £39m.