Abrdn has agreed to sell its discretionary fund management business Abrdn Capital to LGT Wealth Management for £140m.

Wealth manager St James’s Place has posted a record pre-tax profit for 2022 of £405.4m, up 41% from £287.6m in 2021.

The Financial Services Compensation Scheme has declared four more firms in default, two with links to the British Steel Pension Scheme (BSPS).

The Association of Investment Companies (AIC) has launched a new programme of study to help Financial Planners and others strengthen their knowledge of investment companies.

Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.

Chancellor Jeremy Hunt has been urged to flesh out the growth plan he outlined in January when he announces his Budget in March.

Wealth manager Utmost International said it attracted £4.2bn gross flows and secured £1.3bn net flows for 2022 despite “a challenging macroeconomic and inflationary backdrop.”

The FCA has secured more than £100,000 to repay consumer victims of Mohammed Maricar, who set up a forex ‘trading academy’ that used WhatsApp to provide unauthorised investment advice.

Artemis has appointed Alex Stanic from JP Morgan Asset Management’s international equity group to a new position of head of global equities, as it revamps its global equities team.

Omnis Investments’ chief investment officer Robert Jeffree has been appointed chief executive of Openwork’s £10bn specialist asset management company.