Birmingham-based BlueSky Wealth Management Ltd (FRN: 446963) has failed, opening the door to claims against the firm through the Financial Services Compensation Scheme (FSCS).

Platform Transact has axed a number of fees after reporting a rise in funds under direction to a record £55bn.

The Bank of England has kept its base rate at 5.25% for the third month, in line with expectations. 

Close Brothers Asset Management is to acquire Charted Financial Planning firm Bottriell Adams.

The Institute for Fiscal Studies (IFS) has proposed a new ‘four-point pension guarantee’ to replace the current State Pension Triple Lock.

Fintech FinCalc has added a tool which will provide cashflow and retirement goals to its Cashflow product.

Platform and SIPP provider AJ Bell is to boost interest rates on higher levels of cash held in some accounts.

National Financial Planning firm Fairstone has completed the acquisition of Goodman Chartered Financial Planners, based in Tunbridge Wells, Kent.

Schroders’ Benchmark Capital arm has continued its rapid growth by buying £111m AUM Hayward Heath-based Champain Financial Services for an undisclosed amount.

Major Swedish wealth manager Söderberg & Partners has completed its fourth UK adviser deal of the year by buying a minority shareholding in London-based Generation Financial Services for an undisclosed sum.