Administrators of collapsed Newcastle-based wealth manager WealthTek have uncovered a £81.4m gap in the firm’s finances, the FCA has said.

A group of 55 senior Tory MPs including former Chancellor Nadhim Zahawi have called for inheritance tax to be abolished.

Four out of five workers fear they will have to work longer until retirement because of the cost-of-living crisis.

As the launch of Consumer Duty comes ever closer, adviser platform Nucleus has created an online hub to help prepare and support Financial Planners and advisers.

Fast-growing Chartered Financial Planning firm Progeny has appointed Sam Murton as its new chief operating officer.

Adviser platform Novia Financial has merged its operations and technology teams under the direction of chief technology and operations officer Eden Scrivenger.

SIPP provider Curtis Banks has launched a new tree planning initiative that will see more than 38,000 trees planted during 2023.

A change in the way financial advisers think about risk can lead to better outcomes for those in or approaching retirement, according to fund data provider FE Investments.

British workers don’t understand how the State Pension works, while many struggle on even the basic aspects of how the state retirement system works, according to a new report.

Acquisitive digital wealth manager Verso Wealth Management, which snapped up several Financial Planning firms last year, has appointed former Brown Shipley chief executive Alan Mathewson as group chief executive.