Financial Planner and wealth manager Kingswood Group, which confirmed it was potentially up for sale earlier this year, has reported a 10% rise in group operating profit to £5m for the first half of 2023.

The amount of new business flowing into the Hargreaves Lansdown platform fell 13% to £4.8bn in the year to the end of June, down from £5.5bn in the previous year.

Fintel, owner of adviser support firm SimplyBiz and fintech Defaqto, has reported a 2% rise in revenue growth to £27.6m for the six months to the end of June, compared to £27.1m in the first half year of 2022.

Pension firm Phoenix said it doubled its long-term cash generation in the first half of the year despite a “challenging market environment.”