Wealth manager and plaform operator Quilter has allocated £76m in funds for an ‘ongoing advice review’ and may ask some advisers to pay back if clients have paid for ongoing advice which has not been delivered, it revealed today in its annual results.

The FCA has banned Andrew Pearse and Surjan Singh, former Credit Suisse managing directors, from the UK financial services industry for lacking integrity.

More men take out stocks and shares ISAs than women, despite women holding the majority of ISAs, according to HMRC data.

The youngest Gen X households earn around £7,000 more than the oldest as older Gen X members drop out of the workforce or go part-time, putting strain on their retirement savings.

Fund manager and financial provider Abrdn is reverting to the Aberdeen brand it ditched four years ago and dropping its vowel-free name.

The number of complaints received by the Financial Ombudsman Service climbed by more than 40% in the last three months of 2024.

City of London-based Partners Wealth Management has completed the acquisition of Aberdeen-based Johnston Carmichael Wealth for an undisclosed sum.

Pension provider Aegon has partnered with offshore bond provider Utmost Wealth Solutions Ireland to enhance its Financial Planning solutions, it said.

Revenues at Jersey-based wealth manager Team almost doubled in the year to September, climbing from £5.3m to £10.3m but despite this the firm posted a £1.6m loss (2023 profit £0.7m).

There’s a wide gap between the communication methods used by wealth managers and those preferred by clients, according to new research.