London-based MWA Financial has acquired Prosperity Financial Advisors & Stockbrokers of Hampshire as part of a strategy to become a national IFA firm.

A new report from the TUC, the trade union umbrella body representing 5.5m workers, has revealed that 1 in 8 men and women (12%) are forced to stop working before state pension age due to ill-health or disability.

The popular 60/40 split between equities and bonds will fail to serve clients as well in an era of record low bond yields, according to fund manager and investment platform 7IM.

Wealth management professional trade body PIMFA and the Financial Services Compensation Scheme have joined calls for economic harm to be included in the government’s upcoming Online Safety Bill.

The CEO of the Financial Ombudsman Service, Caroline Wayman, has resigned amid mounting pressure on the ombudsman with the Coronavirus pandemic seeing a 50% surge in consumer complaints.

Transact has kept its spot as top adviser platform in terms of net sales in 2020, according to data from platform and fund research house Fundscape.

Wealth manager and Financial Planning firm Brooks Macdonald has reported a 13.3% rise in group funds under management (£15.5bn) but revenues for its Financial Planning arm have dipped.

The Openwork Partnership and Embark Group have extended their existing distribution agreement to 2026 after a “successful year working together.”

Those aged 55-64 are at risk of exhausting their retirement savings early and are failing to adequately plan for their retirement, according to new research.

Financial Planning firm Tavistock has again rescheduled its shareholder meeting to vote on its review of leadership team incentivisation after shareholders expressed more concerns over the proposed deal.