Inheritance tax (IHT) receipts for April to August rose 12% year on year to £2.9bn, according to new data this morning from HMRC.

Seneca Partners is launching a new VCT, the first by a new VCT manager in five years.

Wealth Club, an investment service for HNWs, has acquired Clubfinance, an execution-only discount broker specialising in VCTs for an undisclosed sum.