Jupiter Fund Management said assets under management (AUM) increased £600m in the first quarter of the year to £50.8bn, largely due to positive market movement of £1.5bn.

Financial advisers and Paraplanners believe more clients will use pension pots to pass wealth on to dependants after the abolition of the Lifetime Allowance (LTA), according to a new survey.

The Financial Services Compensation Scheme has begun an investigation into Chester-based pension adviser Arrow Financial Services UK Ltd, trading as Arrow Asset Management (FRN 528826).

Assets under management and administration for Financial Planner and wealth manager Quilter dropped 5% to £101.9bn in the first three months of the year, compared to £107.2bn in 2022.

The government's inheritance tax (IHT) haul for the 2022/2023 tax year reached £7.1bn - £1bn higher than the record seen in the previous year.

The Financial Conduct Authority has set out a number recommendations for asset managers to improve the resilience of Liability Driven Investment (LDI) funds.

Platform and investment provider Vanguard has reached a milestone of 500,000 clients on its UK Personal Investor (UKPI) platform just under six years after it was launched.

Richard Charnock, the former CEO of Abrdn Capital, has joined the board of Handelsbanken Wealth & Asset Management as an independent director.

The FCA is to implement new anti-money laundering measures on Post Office transactions amid signs that hundreds of millions of pounds could be laundered annually through the network.

One in six financial advisers believe that the FCA’s new Consumer Duty requirements on value for money assessments will lead to fee increases for clients.