Wealth manager Quilter has reported a fall in assets under management and net inflows in its fourth quarter, but bosses said the firm ended the year on “a solid note.”

The Financial Services Culture Board (FSCB) - a body aiming to improve the standards and culture of the financial services sector - is to close after eight years due to finances drying up.

Platform Transact has recruited Investec’s head of IT Damien Francis to the newly-created role of chief technology officer.

A third of UK adults are in the dark about how they would fund later life care despite being only a year away from retirement, according to new research.

Some financial services firms are at risk of being unable to apply the new Consumer Duty rules which come into force in six months, the FCA has warned.

Defined benefit transfer values fell by more than a third last year as investor concerns over UK debt drove gilt yields higher, according to new analysis.

Inheritance tax receipts for the current tax year to-date have reached a record £5.3bn, according to the latest figures published by HMRC.

A third of large financial advice firms are likely to become platform operators in the next three years, a new report suggests.

Long-term funds domiciled in Europe had their worst year in 2022 in term of flows since 2008, shedding €130bn (£114bn).

Growing digital wealth manager Moneyfarm has appointed former Virgin Money chief Dame Jayne-Anne Gadhia as chair.