Sanlam UK’s wealth management division has entered into a multi-year agreement with BNY Mellon’s Pershing, a provider of trading, clearing, settlement and custody services.

Investment firm Tilney has continued its major recruitment drive with the appointment of a new business development director.

Pershing, a BNY Mellon company, is to provide full UK wrap administration and execution capabilities to Saga Investment Services, the new joint venture from Tilney Bestinvest and over-50s provider Saga.

People want financial advice that caters for specific life events rather than general Financial Planning, a report concluded.