Inheritance tax (IHT) receipts for April to August rose 12% year on year to £2.9bn, according to new data this morning from HMRC.

The Financial Conduct Authority has issued Link Fund Solutions a draft Warning Notice with a proposed penalty of £50m over its handling of the LF Woodford Equity Income Fund.

Adviser platform Transact has added a Blackrock-run model portfolio service (MPS) to extend its choice of discretionary investment managers.

The financial management arm of Scottish law firm Gilson Gray has acquired North Berwick-based Wallace Financial Planning a ‘seven-figure’ deal.

Paul Morris has joined Financial Planner and wealth manager Evelyn Partners’ Bristol team as a Financial Planning director.

The Chartered Insurance Institute and its subsidiary, the Personal Finance Society - the professional body for Chartered Financial Planners - have issued a joint statement today stating they have reached “an agreement in principle” on a range of disputes between the two bodies.

Delays in getting responses to letters of authority (LOA) and transfers are causing a headache for Financial Planners who are seeing client engagement levels drop as a result, according to a new report.

The Financial Services Compensation Scheme (FSCS) has declared two pension advice firms in default.

Earlier today pensions minister Guy Opperman confirmed he is not to continue in the role under new Prime Minister Liz Truss.

Financial Planner’s interest in making changes to their technology stack has stalled, according to a new report.