Financial adviser network and wealth manager Tavistock Investments is closing a number of offices and axing staff in a £750,000 cost-cutting drive as it prepares to launch its own platform.

STM Group, the financial services and SIPP provider, has added £5m to its takeover war chest to fund further acquisitions.

The Competition and Markets Authority has ordered platform engine provider FNZ to sell rival and takeover target GBST over fears that millions of UK pension savers and investors could face worse service and higher prices.

Up and coming adviser platform Wealthtime says it will consider its own acquisitions following the completion of its takeover by European private equity firm AnaCap Financial Partners.

SIPP provider Curtis Banks has received the go ahead from the FCA to complete its acquisition of rival Talbot and Muir.

Standard Life Aberdeen’s Financial Planning business 1825 has shed a "small number" of staff in a senior exec shake up.

Experienced Paraplanner Kim Bendall has launched an outsourced Paraplanning firm called Go Paraplanning.

Fidelity has acquired Legal & General Investment Management’s UK Personal Investing business which manages £5.8bn in assets for 300,000 clients.

Financial services company Mazars, which has a substantial UK Financial Planning arm, has launched a global rebrand.

Wealth manager and SIPP provider Mattioli Woods says its market is beginning to stabilise and it is planning further acquisitions.