The Chartered Insurance Institute has promised to increase the autonomy of its Personal Finance Society arm in its five-year plan published today.

SIPP provider and wealth manager Mattioli Woods has acquired Northern Ireland Financial Planner Doherty Pension & Investment Consultancy for £15.048m. 

Financial Planning firm Old Mill has appointed Amanda Browning as partner and head of wealth management.

Net inflows fell 25% year-on-year to £1.2bn for AJ Bell’s platform business for the first quarter of 2023.

Fintech Iress is to axe 10% of jobs globally in a major shake-up for the business which says the move will help increase efficiency. 

The Financial Services Compensation Scheme (FSCS) has today declared 17 firms in default - most of them adviser businesses - opening the door to clients claiming compensation.

Link Fund Solutions has agreed to pay around £235m to investors in the LF Woodford Equity Income Fund, following an investigation by the FCA.

Workers hoping for a comfortable retirement could find their living standards hit by having to bear the burden of the risk of poor investment performance and uncertain lifespans, according to a leading economic think tank.

The CISI has awarded Honorary Fellowships to five highly-regarded members of the financial community, all of whom have held senior positions in the organisation.

Asset manager Liontrust has confirmed it has approached the board of GAM with a view to taking over its Swiss rival’s business and merging it with its own to create an asset manager with around £100bn in AUM.