In the 2020/21 tax year the number of estates paying inheritance tax rose 17% year-on-year with pandemic deaths a factor in the growth, according to data released today by HMRC.

The Wealthtime platform is to rebrand as Wealthtime Select, as part of the rebranding of Anacap’s platforms under the Wealthtime brand.

Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.

Dame Alison Rose, CEO of the NatWest banking group, has resigned today following the sharing of information about Nigel Farage’s relationship with high net worth NatWest arm Coutts.

More than 7m people unsuccessfully attempted to contact one or more of their financial services providers in the 12 months up to May 2022, according to the Financial Conduct Authority.

The annual cost of a comfortable retirement has increased by nearly a fifth in the last two years as average spending by retired households climbs to £23,675 a year, new analysis of the latest Government data has shown.

Plymouth-based national IFA Continuum has reported assets under influence climbed 19% year-on-year to a record £1.814bn at the end of the second quarter of 2023.

Wealth management platform provider GBST has bought cloud-based Financial Planning software platform Advice Intelligence for an undisclosed amount.

Wealth manager and Financial Planner Evelyn Partners has reported a record £2.2bn of gross new money in the first half of the year. 

Swiss bank and investment provider Credit Suisse has been fined £87m by the Prudential Regulation Authority for “significant failures in risk management and governance” related to the collapse of Archegos Capital.