Financial advisers and industry experts have expressed concern about the ‘stealth tax’ threat from Inheritance Tax after receipts grew to £3.5bn for the latest six month period, up £400m year on year.

The Financial Services Compensation has declared an East Midlands financial adviser with several trading names as failed, opening the door to clients claiming compensation.

North London-based Engage Financial Services has made its first acquisition with a deal to buy lifestyle Financial Planning firm Kench & Co Financial Services from its parent accountancy firm.

Two former pension trustees are to face trial at Crown Court accused of arranging £700,000 in illegal loans and investments.

A major new consumer survey from the Financial Conduct Authority has revealed that 7.8m people are finding it hard to keep up with their bills - up 2.5m since 2020. 

Prime minister Liz Truss resigned at lunchtime today.

Growing wealth manager Advanta is to acquire £150m AUM Genesis Financial Planning, its first acquisition in London and one of seven acquisitions planned this year.

Platform and wealth manager Hargreaves Lansdown is to consult with shareholders after a revolt against board re-elections saw over 30% vote against the re-election of chair Deanna Oppenheimer.

Wealth manager and Financial Planner St James's Place has reported a near £5bn drop in Funds Under Management and a sharp dip in inflows in its latest quarterly trading figures. 

Schroders Personal Wealth, the joint venture Financial Planning arm of Schroders and Lloyds Bank, has appointed Graham Bastin as its new chief technology officer (CTO).