Higher earners in Scotland will see a freeze on their income tax thresholds for the 2025/26 tax year at the same time as lower earners were given a 3.5% threshold increase in yesterday’s Scottish Budget.

Financial Planning firm Ascot Lloyd has acquired Scottish adviser Create and Prosper Financial Services for an undisclosed amount.

Scottish Financial Planning partnership Advice & Wealth Management Solutions LLP has been declared in default by the Financial Services Compensation Scheme (FSCS).

Londoners are among the least likely people in the UK to seek retirement planning financial advice with just 9% stating that financial advisers have been their main source of retirement advice compared to 18% in Scotland.

Expanding national advice firm Foster Denovo has acquired £200m AUM Glasgow-based financial advisers Rosemount Asset Management for an undisclosed amount, the firm’s fourth acquisition in 12 months.

International wealth manager, Financial Planner and professional services firm Azets has acquired Scottish Financial Planner and chartered accountancy firm Milne Craig in a major deal for the financial services sector north of the border.

Tweed Wealth Management has acquired Glasgow-based Capital Wealth Consultants (CWC) as it expands into western Scotland.