UK wealth manager and Financial Planner Kingswood has completed the acquisition of US wealth manager Chalice and has signed terms to acquire a majority stake in a second US adviser, Manhattan Harbor Capital.

Only 33% of UK investors trust the financial services sector compared to 46% of global investors.

Digital IFA disruptor Fintuity is to offer free initial advice to NHS staff via video to mark the launch this week of its new online financial advice service.

Pension and investment group Embark has rebranded the Zurich Investment and Retail Platform after completing the takeover of the business.

Independent investment researchers Fitz Partners say the Ongoing Charge Figures (OCF) for typical index trackers have fallen by 27% since 2016.

The Chartered Insurance Institute is offering discounted learning materials to furloughed members who work in insurance and personal finance and have been hit financially by the Coronavirus outbreak.

National IFA and Financial Planner Continuum (Financial Services) LLP has recruited four more advisers due to business growth.

The FCA said today it would take legal action over business interruption (BI) insurance after concerns some insurers were failing to pay out or dragging their feet on claims.

The Financial Services Compensation Scheme has declared 12 failed regulated firms in default during March and will now consider claims for compensation from clients.

New research suggests that 1 in 10 over-55s (11%) have either accessed their pension early or plan to do so due to the Coronavirus outbreak.