More than two-thirds (69%) of advisers don’t have a plan in place to tackle one of the largest ever transfers of wealth due to take place between generations over the next 20-30 years.

Only 10% of Financial Planners are very confident they would retain assets under advice when wealth is transferred to clients’ family members, according to new research.

Octopus Investments, part of Octopus Group and provider of venture capital trusts (VCTs), has closed its DFM service to new customers.

Financial advisers who seek referrals from solicitors and accountants have seen a surge in new client enquiries, according to new research.