New advice and wealth management firm Solomon Capital Holdings is to acquire financial adviser Beaufort Group for an undisclosed sum.

Just a tenth of the population holds 64% of total pension wealth in the UK, according to the latest figures from the Office for National Statistics.

Ratings and fintech firm Defaqto has added integration with Iress back-office system Xplan.

A damning report by the Institute for Fiscal Studies out today reveals that the increase in the state pension age from 65 to 66 has condemned many more retirees to poverty.

Former Pensions Minister Sir Steve Webb, now a partner at pensions consultancy LCP, has urged the Department for Work and Pensions to ‘come clean’ over the scale and nature of a new round of state pension errors.

The Financial Conduct Authority has revealed the first funeral plan providers set to be authorised from 29 July, when pre-paid funeral plans come under FCA regulation for the first time.

Adviser network The Openwork Partnership is to launch a new business school to add to its existing adviser academy. 

Aviva-owned robo-adviser Wealthify has opened its Ethical Managed Portfolio Service (MPS) to adviser platforms.

Investment platform and SIPP provider AJ Bell has appointed its deputy CEO Michael Summersgill to succeed founder Andy Bell as CEO from 1 October, subject to regulatory approval. 

Consultancy and software provider the lang cat has added managed portfolio services (MPS) to its suitability software.