The FCA is moving swiftly to cut red tape to support growth in financial services, FCA chief executive Nikhil Rathi told delegates at an event today.

Net flows at Aviva’s wealth arm climbed 23% in 2024, rising to £10.3bn from £8.3bn, as assets under management grew 17% to £198bn, from £170bn.

Struggling fund manager Jupiter saw underlying profits fall 7% to £97.5m in 2024, down from £105.2m the previous year, as net outflows soared to £10.3bn, up from £2.2bn.

Wealth manager St James’s Place returned to profit last year after introducing a simpler and more comparable charging structure following customer complaints.

Recent strong stock market performance has been a boon for platforms, according to new data published today by platform analysts Fundscape.

The FCA is to launch a multi-firm review of Model Portfolio Services (MPS) and their compliance with the Consumer Duty.

The Pensions Policy Institute (PPI) has urged policymakers and pension providers to adapt to help Gen Z’s retirement prospects which it warns will be hit by their ‘unique’ financial pressures.

Six financial projects have been awarded funding of up to £30,000 each from the FCA as winners of its economics research competition.

Andy Briggs, CEO of Phoenix Group, has become the new president for the Association of British Insurers (ABI) with immediate effect and will hold the role for the next two years. 

Schroders has appointed former JP Morgan banker Oliver Gregson as CEO of wealth management to replace Mary-Anne Daly, who will step back from her full-time responsibilities at the end of June to make time for other interests.