The growing Financial Planning firm Independent Wealth Planners (IWP) has made another acquisition in the South West with Westinsure Webb Financial Services joining its regional hub, Kelsall Steele Investment Services.

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Almost £10bn was transferred out of defined benefit pensions in the final quarter of 2019, according to official data.

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Keith Skeoch is to step down from the board of Standard Life Aberdeen after five years as group chief executive and fourteen years as a director.

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Financial Planning Group Truinvest made its first two acquisitions since its formation last year and said that more acquisitions are to follow. 

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Wealth manager Charles Stanley has appointed former Brown Shipley chief executive Ian Sackfield as managing director, investment management services (branches) to lead the firm’s 20 regional offices.

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Chartered Financial Planner Telford Mann is planning to recruit seven more staff this year as it steps up recruitment.

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Industry veteran Bambos Hambi has been appointed chief executive of Quilter’s multi-asset investment business Quilter Investors.

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Channel Island-based investment services group Ravenscroft, which has £7.45bn in Assets Under Management, has bought the Isle of Man subsidiary of WH Ireland.

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Smith & Williamson has made 22 senior promotions as it prepares for its £44bn merger with Tilney set to create one of the UK’s biggest wealth management and Financial Planning firms.

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National IFA firm Chase de Vere has reported increased turnover and higher pre-tax profit for the year ending 31 December 2019.

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