A new adviser CRM has been launched to challenge the likes of established CRM firms such as Intelliflo, IRESS and Time4Advice.

The number of underperforming so-called ‘dog’ funds has soared by 170% with 151 equity investment funds consistently underperforming their relevant market index over the last three years.

The FCA has launched a criminal investigation into Newcastle-based wealth manager WealthTek LLP following the discovery of an £81.5m gap in the firms’ finances.

The FCA has halted regulated business at a Northern Ireland financial adviser by revoking its Part 4A permissions.

Chartered Financial Planning-based wealth manager Fairstone is planning to increase its number of acquisitions this year after acquiring or part acquiring 24 firms over the past 12 months.

Investment manager and data provider RSMR has expanded access to its Passive Plus MPS fund range.

Wealth manager Waverton is to merge with rival London & Capital to form a £17bn AUM wealth management business.

Fintech and data provider Defaqto has bolstered its Engage Financial Planning system, adding more tools and capability to provide an ‘all in one’ Financial Planning package.

Insurance and savings trade body the ABI has called on the Government to scrap Insurance Premium Tax (IPT).

Wealth and investment manager Quilter has extended access to its WealthSelect Managed Portfolio Service to three new third-party platforms for the first time.