One of the authors of a new global wealth management report believes that the Covid-19 outbreak could have a “profound” impact on the UK wealth management sector which has flourished in recent years.

The CFA Institute, the global professional body for investment management professionals, has reported that 73,688 candidates took its Level I Chartered Financial Analyst exam worldwide in December with 42% passing (32,628).

Figures from investment platform Hargreaves Lansdown have revealed that UK funds are becoming more popular with last minute ISA investors as the end of the tax year looms this week.

Median household net wealth increased significantly in Great Britain from 2014 to 2016, new figures have revealed.