Major Swedish wealth manager Söderberg & Partners has acquired a majority stake in a London IFA firm and taken minority stakes in two other UK advisers as part of its expansion drive in the UK.

Wealth manager St James’s Place (SJP) has hired former Prudential boss Mark FitzPatrick to be its next CEO.

Millions of older workers are unaware of how much they have saved for retirement, prompting fears that they will miss out on an opportunity to boost their retirement pots.

Wealth manager and Financial Planner Mattioli Woods said pretax profits leapt 48% to £11.9m in the year to 31 May as it continued on its acquisition path.

The FCA is introducing requirements for new screening checks for firms that approve financial adverts to help the regulator crack down on rogue ads.

Lancashire Financial Planner and wealth manager 1st Chartered Financial Planning will rebrand as One Four Nine Wealth Limited after being acquired by investment management firm One Four Nine Group.

The latest official wage growth figures - published today by the ONS - mean the State Pension should rise to £11,501 in April 2024, a 8.5% rise from £10,600 this year.

The FCA has intervened to order the compulsory liquidation of Surrey IFA firm Independently East Ltd (IEL) (FRN488046) after placing restrictions on the firm earlier this year.

Chartered Planner firm MD Anthony Hoskisson has overcome two knee replacements to organise and take part in a charity bicycle ride he organised to raise money for local underprivileged young people.

Six in 10 financial advisers believe the Consumer Duty will increase the advice fees they charge and make the advice gap worse, according to a new survey.