Platform and SIPP provider AJ Bell saw pre-tax profit rise by 33% to £37.7m in the year ended in September, the company reported today.

Rising private pension and property wealth fuelled a 9% rise in median household net wealth in Great Britain in the two years to March 2018, according to the latest ONS report.

The FCA, Prudential Regulation Authority and the Bank of England have jointly published plans to develop new requirements for regulated firms to ‘strengthen’ operational resilience in the financial services sector.

A total of 546 firms have admitted to errors in their MiFID II transaction reporting to the FCA since the new requirements began just under two years ago, according to a study out today.

Fund manager M&G has temporarily suspended dealing in its M&G Property Portfolio Fund and feeder fund after a sharp rise in investor withdrawals.

In the first three and a half years since the Pension Freedoms were introduced in 2015 more than 230,000 members of Defined Benefit schemes have received guidance from a financial adviser.

Dutch-owned Aegon is to scrap its Scottish-based fund manager brand Kames Capital in a move towards what it calls a ‘globally-integrated’ model.

Vanguard has launched the Vanguard Emerging Markets Bond Fund, an actively managed Ucits fund.

The Society of Mortgage Professionals has been relaunched with a new cross-sector board of experts to represent the mortgage profession, including PFS chief executive Keith Richards.

The Association of Investment Companies is to will rename its Utilities sector the Infrastructure Securities sector from 16 December.