An increasing number of families are being caught out by unexpected inheritance tax bills on gifts made less than seven years before death.

The Financial Conduct Authority said today it will launch a market study of the ‘pure protection’ market including term assurance products and critical illness cover.

Expanding Financial Planner and wealth manager Fairstone has appointed former Abrdn MD Russell Bignall as its new group managing director.

International Financial Planner Hoxton Capital Management has rebranded to Hoxton Wealth.

The former chief executive of Barclays Wealth during the 2008 financial crisis has been banned from performing senior manager functions.

Mutual insurer Royal London has rebranded the Responsible Lending equity release business it acquired earlier in the year as Royal London Equity Release.

Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.

Remote IFA firm TFAS Wealth has linked with fintech Aveni.ai to add AI solutions across its UK business offering.

Wealth manager and Financial Planner Evelyn Partners has agreed a three-year corporate partnership with social mobility charity Career Ready.

Britons are woefully unprepared for retirement, with half saying they do not feel confident they will have financial freedom when they stop work.