Statutory pre-tax profit at Jupiter Asset Management slumped by 84% to £9.4m for the year ended 31 December 2023 (2022: £58m) against a tough economic backdrop.

Investment provider Abrdn has launched a new MPS product, the Abrdn Money Market MPS, to meet client for a low risk MPS alternative to cash products.

Canada Life has reported record sales of individual annuities in 2023 of £1.2bn, up 121% on 2022.

Two financial companies offering LCF-style investment ‘bonds’ have been shut down after a £3m fraud against investors.

Wealth manager and Financial Planner Evelyn Partners has recruited Certified Financial Planner Reinoud Noorduijn for its Guildford office as it plans further expansion in Surrey.

Firms must engage better with ‘less engaged’ and ‘gone away’ clients as the Consumer Duty deadline on closed products looms, the FCA has said.

More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.

Finance and insurance sector workers are failing to use their full annual leave entitlement and are more likely to be working more than their contracted hours. 

One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.

In the next five years the financial advice sector will see small adviser firms thrive while the number of clients served will grow by 30%, according to predictions from wealth consultancy NextWealth.