LV=’s CEO Mark Hartigan is to step down following an aborted takeover of the firm by investment business Bain Capital.

Bristol-based Clifton Asset Management is to acquire Aberdeen-based wealth manager and IFA Burnett & Reid Wealth Management and is planning further deals.

The FCA has fined discretionary investment manager TJM Partnership Limited £2 million for “serious financial crime control failings.” 

Oaktree Capital Management is to rename Sanlam Wealth as atomos after acquiring the business from Sanlam UK.

Trustee and governance service provider PTL Governance is to become Zedra Governance from 18 July after its acquisition by Zedra in December 2021.

The Government is to invest £5m in expanding its mid-life MOTs for people which include a review of financial affairs and retirement plans.

The Online Safety Bill, seen as one of the best ways to tackle online financial scams, has been delayed to the autumn but will now include protections for bona fide journalism.

Easier divorce rules have fuelled a surge in online applications from couples splitting with this set to continue, a Freedom of Information request has revealed.

Fast-growing Financial Planning group Kingswood has hired Jessica McGuigan from Schroders Personal Wealth as the firm commits to increasing its number of female advisers from 15% to 25% this year.

Private equity firm FPE Capital is to pump an undisclosed sum into Financial Planning fintech Dynamic Planner to help accelerate growth.