Nearly 37% of fake text messages received by consumers over the past 90 days were linked to financial scams, according to new data.

Pensions and investment consultancy Hymans Robertson Investment Services (HRIS) says its latest study suggests that more than 9 in 10 IFAs are willing to accept that ESG-focused funds and investments may produce lower returns than non-ESG funds - but believe this is an acceptable downside risk.

Data provider and fintech FE fundinfo has acquired FundConnect, a fund data and technology company based in Denmark, for an undisclosed sum.

Wealth manager Clifton Asset Management has today completed the acquisition of Financial Planning firm Leonard Gold Financial Management and says it plans further acquisitions before the end of the year. 

Investment platform provider AJ Bell has changed the terms on its Managed Portfolio Service funds to reduce risks and costs for advisers.

Abrdn’s Aberdeen Asian Income Fund Limited is planning to move its tax domicile from Jersey to the UK and adopt UK investment trust status, the company has reported.

The upheaval caused by the Coronavirus pandemic has spurred many over 55s to change their retirement plans with 22% aiming to bring forward their retirement date.

The Financial Conduct Authority has received 2,754 allegations of misconduct including fraud, money laundering and compliance complaints, according to data from the regulator’s annual report and accounts.

Aegon’s assets under administration in the UK have reached £200bn for the first time as the provider continues to increase scale in the UK pensions and savings markets.

Billy Mackay, former marketing director of AJ Bell Investcentre for 13 years, has been promoted to managing director of AJ Bell’s adviser platform.