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.

NS&I has boosted the rates of its British Savings Bonds to up to 4.1% AER and has relaunched one and five year fixed-rate bonds.

The FSCS declared only five regulated firms in default in February and March, sharply down on the 12 firms it declared in default over the same period in 2024.

Financial advice network Corbel Partners has completed seven acquisitions of financial adviser firms this year, it has reported, although it has not revealed full details of the firms involved.

US-owned wealth manager and Financial Planner Raymond James and Charles Stanley has appointed Kim Jenson as interim CEO, subject to regulatory approval, after CEO Paul Abberley stepped down.