Over half (51%) of Financial Planning firm owners said they expected to exit or sell their business within the next five years, according to new research.

Financial advisers and Paraplanners believe more clients will use pension pots to pass wealth on to dependants after the abolition of the Lifetime Allowance (LTA), according to a new survey.

M&G Wealth has added a Capital Gains Tax (CGT) tool to its platform enabling advisers to carry out complex calculations and test different planning scenarios for clients.

M&G’s full year results for 2022 reveal that the firm paid £73m for wealth manager and Financial Planner Sandringham Financial Partners.