Investment trust Caledonia Investments has sold its majority stake in investment manager and platform 7IM for £255m.

Standard Life has re-entered the annuity market as annuity rates rise and demand for annuities surges.

One of the key figures in the early days of financial intermediary regulation, Lord Elton, has died at the age of 93.

Former Brooks Macdonald investment director Daniel Minett has teamed up with platform P1 Investment Services to launch his own DFM-based wealth management firm.

Newcastle-based Financial Planning firm Professional Wealth Management (PWM) has recruited former Newcastle Falcons professional rugby players Alex Tait and Will Welch for new careers as Financial Planners.

Fast-growing wealth manager and Financial Planner Perspective has made three new acquisitions, adding £250m in AUM and boosting its total number of adviser firm takeovers so far this year to 15.

The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.

The FCA has asked nine banks and savings providers to provide assessments on what value their savings products offer after concerns about value for money.

Data and research provider Defaqto has strengthened its DFM data for financial advisers via a new partnership with financial strength ratings provider AKG. 

Wealth manager and Financial Planner Evelyn Partners has completed its takeover of City of London-based Dart Capital, a boutique wealth manager with £750m in assets under management and 19 staff.