Scottish financial adviser firm MLM Wealth Management Limited (trading as MLM Financial Services / FRN 784277) has been declared as failed by the Financial Services Compensation Scheme (FSCS).

Coventry-based BRI Wealth Management has expanded its Midlands presence with the acquisition of two Financial Planning firms. 

More than six in 10 adults (62%) say that saving for retirement remains a “high priority”, despite the challenges of the cost of living crisis.

Investment trust Caledonia Investments has sold its majority stake in investment manager and platform 7IM for £255m.

Standard Life has re-entered the annuity market as annuity rates rise and demand for annuities surges.

One of the key figures in the early days of financial intermediary regulation, Lord Elton, has died at the age of 93.

Former Brooks Macdonald investment director Daniel Minett has teamed up with platform P1 Investment Services to launch his own DFM-based wealth management firm.

Newcastle-based Financial Planning firm Professional Wealth Management (PWM) has recruited former Newcastle Falcons professional rugby players Alex Tait and Will Welch for new careers as Financial Planners.

Fast-growing wealth manager and Financial Planner Perspective has made three new acquisitions, adding £250m in AUM and boosting its total number of adviser firm takeovers so far this year to 15.

The Financial Conduct Authority plans to fine company directors Toni Fox £681,536 and David Price £632,594 over their roles in £392m of mostly "flawed" pensions transfers.