Wealth managers and fund managers are the most likely financial services firms to recover swiftly post-lockdown, according to predictions from a City adviser and research company.

Shareholders in fund manager Jupiter have voted to approve the takeover of rival Merian at the company’s AGM this week.

Wealth manager and SIPP firm Mattioli Woods has recruited Mark Stokes from Succession Wealth as its new business and acquisition development officer.

AJ Bell is to provide access on its adviser platform to selected DFM funds from the second half of 2020, it revealed in its six month interim results out today.

The Personal Finance Society has called for a four month ‘waiver’ for financial advice firms struggling to find affordable Professional Indemnity insurance during the Coronavirus pandemic.

The Financial Services Compensation Scheme (FSCS) has blamed potential claims from the London Capital & Finance (LCF) mini-bond scandal for an additional £44m cost in its £649m 2020/21 budget.

The Edinburgh-based private bank Adam & Company has appointed former Barclays Wealth Planning director Andy Hall as its new Financial Planning director.

Leading economists expect UK Gross Domestic Product to decline by a record -8.6% this year before bouncing back strongly in 2021 with a rise of 6.2% predicted next year.

Fairstone, one of the UK’s largest Chartered Financial Planning firms, has signed terms with a Northern Financial Planning firm to join its progressive acquisition programme expected to result in the takeover of the firm.

Fund manager Ninety One, formerly Investec Asset Management, has reported full year pre-tax profits up by 11% to £198.5m but Assets Under Management down 7% to £103.4bn.