CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board.

PFS President Caroline Stuart has quit the PFS board today with immediate effect.

PFS member directors and co-opted advisers on the PFS board have called for an Extraordinary General Meeting to be held in the next two weeks to find a way forward from the current deadlock with parent body the CII.

Wealth manager and SIPP provider Mattioli Woods has reported revenue rose by 10% to £54.9m (1H22: £49.9m) for the six months ended 30 November.

Mass vacancies are becoming increasingly in evidence at some of the Personal Finance Society’s regional committees.

Mutual provider Royal London has received High Court approval to consolidate the Royal Liver Sub-Fund and the Phoenix Life Assurance Ltd (PLAL) Sub-Fund into the Royal London Open Fund.

Defined Benefit pension schemes enjoyed an “unprecedented” £400bn fund improvement in 2022, according to pension consulting and admin firm XPS Pensions Group.

A new Treasury Report has highlighted the wealth management sector as “particularly vulnerable” to money laundering.

David Tiller, commercial and propositions director at wealth manager and Financial Planner Quilter, has died at 56 while on a walking holiday with friends.

Wealth manager Titan Wealth is to acquire Chartered Financial Planning firm Telford Mann for an undisclosed sum.