Paul Stones has been promoted to managing director at Manchester-based Pareto Financial Planning as the firm reshuffles is senior management team.

Pension group XPS has reported a 5% rise in profit (adjusted EBITDA) for the year ending 31 March and 7% total revenue growth, driven by client demand across the firms pensions divisions.

Mutual life, pensions and investments provider Royal London has committed to net zero carbon emissions across its investment portfolio by 2050.

Complaints about pensions dropped 69.3% year on year between April 2020 and March 2021, but complaints about investments increased 2.4% over the same period, according to a new complaints data report.

The Treasury Committee has called for a change in culture at the Financial Conduct Authority (FCA) in order to protect consumers and financial markets in its report into the regulator’s handing of London Capital and Finance (LCF).

Acquisitive wealth management and Financial Planning firm Fairstone has begun the acquisition process for Nottingham-based Financial Planning firm James Ryan Thornhill via its downstream buy out programme.

Investment firm and wealth manager Rathbone Brothers has acquired Financial Planner Saunderson House for £150m.

Aegon Asset Management plans to close its Aegon Property Income Fund and Property Income Feeder Funds due to continuing pandemic uncertainty.

Adviser fintech firm intelliflo has made two senior appointments in Australia as it gears up to expand Down Under.

The scaling back of lockdown restrictions is boosting consumer personal finance confidence with one in seven expecting to increase pension contributions in the next year.