Demand for bespoke investment services is rising as investors want a wider choice for their savings, according to a new study.

Wealth management trade body PIMFA has welcomed plans announced by the FCA this week to establish a new regime for Consumer Composite Investments (CCIs) which could affect up to 12.6m UK investors.

Data and software provider Defaqto has revealed its adviser users' top 10, most recommended platform-sourced Managed Portfolio Solutions (MPS) by value for Q1.

Glasgow-based wealth manager JG Wealth Management Limited (FRN 165729) - which traded under numerous different names include ‘Rest Eazy’ - has been declared in default by the Financial Services Compensation Scheme.

Shares in troubled wealth manager and Financial Planner Kingswood have been cancelled on the AIM market with effect from today as the full £48m takeover of the business by its PE owner HSQ moves to its final stages.

The FCA is planning to axe at least three regular reporting requirements for 16,000 regulated firms in an effort to reduce red tape and boost growth.

Swedish wealth manager Söderberg & Partners has taken stakes in four more Financial Planning firms,  it announced today.

The Chartered Insurance Institute (CII) has named six new Financial Planning and insurance adviser firms to have achieved corporate CII Chartered status in the first quarter of this year.

Swedish-owned Söderberg & Partners has taken a 30% stake in Financial Planning firm Murphy Wealth, its first Scottish investment.

The 12 month rate of CPI inflation eased in March to 2.6% from 2.8% in February in an unexpected second consecutive monthly fall.