Ambitious trust company Ludlow Trust, which took over the UK trust business of Coutts and the NatWest Group in 2021, has bought C Hoare & Co’s UK trust business for an undisclosed amount.

Only three in five (58%) advised consumers had high levels of trust in their financial adviser in 2022, according to the latest FCA Financial Lives survey.

The FCA has issued a warning today about the potential mismanagement of 'asset protection' trust schemes.

A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September.