Six in 10 adults say they are not financially independent and 1 in 4 over-55s fear they will never enjoy financial independence.

Wealth manager and Financial Planner Quilter has reported positive Q4 net flows and a 13% increase in assets under administration to £110.4bn as it readies for a major re-platforming shift.

New research suggests that millennials, those aged 18-35, are increasingly likely to turn to robo-advisers although trust in human financial advisers remains high.

Fund administrator Link, which is handling the failed Woodford funds, is making its first distribution to investors this week, with most expecting to lose a substantial chunk of their original investments.

Wealth manager and Financial Planner Brewin Dolphin has appointed Robin Beer, managing director of investment solutions and distribution, as its new chief executive to replace retiring current chief executive David Nicol.

The parent company of Transact, the platform used by many Financial Planners, has been hit with an unexpected £4.3m VAT bill from HMRC which could also see the company having to pay an additional £1.4m a year in VAT.

Pensions drawdown investors have seen positive growth in four out of the five years since the Pension Freedoms arrived in 2015, according to a new study.

Adviser support group SimplyBiz has reported a 24% jump in revenue for the year ended December following its takeover of Defaqto in March 2019.

Michael Howard, the founder of platform Transact, has sold 8.5m shares in holding company IntegraFin to set up a new charitable foundation.

The Money and Pensions Service, the government-backed consumer financial guidance body, has appointed acting CEO Caroline Siarkiewicz as its permanent chief executive.