STM Group, the international financial services provider which owns Carey Pensions, has reported a 48% drop in profit before taxation for the year ended 31 December.

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Clients aged 30-54 are the most likely to have been the first to invest in equity ISAs in the new tax year, according to Hargreaves Lansdown data.

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STM Group, owner of the Options pensions business (formerly known as Carey), has sold its Jersey Corporate & Trustee Services (CTS) businesses for £1.4m.

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A survey of 1,000 individuals for Financial Planning firm Schroders Personal Wealth revealed that 78% had no estate planning in place.

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Lloyds Banking Group is set to launch a £400m takeover of fast growing retirement and wealth management company Embark Group, according to a speculative report from Sky News over the weekend.

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Wealth management trade body PIMFA has published a guide to online fraud prevention for member firms as concerns grow about a rising number of internet scams. 

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Wealth manager and Financial Planner Quilter is partnering with mental health support company Spill to offer free online talks to its advisers.

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The FCA is to consult on introducing a new type of open-ended fund which invests in long-term illiquid assets.

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Two thirds of financial advisers are investing more of their clients’ money in dedicated ESG propositions in comparison to a year ago, according to a new report.

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Bank of England policymakers have held interest rates at the record low of 0.1% as it expects the UK’s economic recovery to gather pace.

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