The FCA said today that it would step up its efforts to tackle misconduct such as bullying and sexual harassment at regulated firms.

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Private equity investor Pollen Street Capital is to acquire SIPPs and Financial Planning firm Mattioli Woods in a £432m deal announced today.

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Three in five (60%) women have failed to do any pension planning outside workplace auto-enrolment, according to a new report published to coincide with International Women's Day today.

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Underlying profit before tax rose 18% year-on-year to £17.1m (H1 FY23: £14.5m) for wealth manager and Financial Planner Brooks Macdonald for the six months ended 31 December.

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Platform and investment provider Fidelity International is believed to be considering up to 1,000 job cuts as the firm re-evaluates its cost base, according to reports.

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Financial Planners have expressed disappointment that frozen income tax and inheritance tax thresholds were not addressed in yesterday’s Budget.

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Adviser clients say that “reputation and credibility” were their key factors when choosing a financial adviser, according to a national survey of 2,100 consumers.

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Assets under management rose 15% to £170bn for Aviva’s wealth arm for the year ended 31 December 2023 despite a drop in net flows.

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Spring Budget 2024 speech as delivered by Chancellor Jeremy Hunt on 6 March 2024 (transcript of the speech, exactly as it was delivered)

 

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Nationwide Building Society is to buy Virgin Money for £2.9bn to create a combined business serving 22.6m customers.

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