Four in five (83%) financial advisers say the high level of inflation is their clients main worry this year.

Schroder has trimmed fees on its 'low cost' multi-asset active fund range from 29bps to a maximum of 22bps and renamed the funds as part of an overhaul.

Wealth management platform provider GBST has acquired fintech WealthConnect for an undisclosed sum.

Financial advisers have shown a significant increase in sustainable and responsible funds since the Covid-19 pandemic.

XPS Pensions has promoted 11 new partners and more than 150 people across its actuarial, pensions, investment, administration, SIPP and analytics businesses.

The FCA has warned of increased risk to consumers when overseas firms refer defined benefit (DB) scheme members to UK firms for pension transfer advice.

The number of taxpayers’ estates with Inheritance Tax on death rose to an estimated 41,000 in 2022/23 - up 24% increase on the previous year (33,000).

Wealth manager M&A in 2022 soared to £137bn in terms of assets under management acquired - a near 60% rise on 2021 (£87bn).

The FCA has moved to provisionally halt regulated business at Mayfair-based financial adviser Kingsbridge Capital Advisors Ltd (KCAL) over alleged non payment of FCA fees.

Nearly one in 10 (9%) over-60s say they are planning to delay their retirement indefinitely due to the cost of living crisis, according to a new study.