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Protection insurer LV= has made payments of more than £2.5m so far in Coronavirus-related income protection and death claims to nearly 300 individuals and families.

UK wealth manager and Financial Planner Kingswood has completed the acquisition of US wealth manager Chalice and has signed terms to acquire a majority stake in a second US adviser, Manhattan Harbor Capital.

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The news announced last week that Liberty SIPP Limited had entered administration should have come as no surprise following recent determinations by the Financial Ombudsman (FoS).

Only 33% of UK investors trust the financial services sector compared to 46% of global investors.

Digital IFA disruptor Fintuity is to offer free initial advice to NHS staff via video to mark the launch this week of its new online financial advice service.