London Fintech firm Ammonite - founded by two former Chartered Financial Advisers - has won a £250,000 investment from Industrial Thought, a group focused on the advancement of wealth management.

The Personal Finance Society and parent body the Chartered Insurance Institute have recognised their top examinees and apprentices in a special awards presentation ceremony held in the City of London.

BSPS-linked advice firm DC Financial Limited (FRN: 170299) has been declared as failed by the Financial Services Compensation Scheme.

The CISI Future Foundation charity has given grants worth a total of £465,000 to seven UK financial literacy charities.

Expanding national advice firm Foster Denovo has acquired £110m AUM Creative Financial Solutions based in Hampshire for an undisclosed sum.

Wealth manager Canaccord Genuity is to acquire Glasgow-based £220m AUM Financial Planner Intelligent Capital.

North East-based national Financial Planning firm Fairstone has announced a deal to acquire £120m AUM Kings Lynn-based Chartered Financial Planning firm Allen Tomas & Co.

Over two thirds (69%) of investors would be comfortable with AI being used in the investment advice process, according to a new report.

Quilter Investors has added two funds to its Cirilium range to improve protection against potential volatility.

More than a third (37%) of financial advice firms have changed their fee structure as a result of completing the FCA’s Consumer Duty fair value exercise.