The number of HNW and mass affluent people in China is set to surpass 56m in 2022 - up 16.5m on 2018, according to a global wealth data provider, writes Cormac Sibley.

St. James’s Place Wealth Management Asia, the international business of the wealth manager, has revealed that its Singapore subsidiary, St. James’s Place (Singapore) Private Limited, has been granted a Capital Markets Services licence by the Monetary Authority of Singapore.

Cashflow modelling firm Prestwood has strengthened its partnership with Intelliflo and its Intelligent Office business management system.

Seven Investment Management (7IM) has appointed Chris Phillips as its chief client officer.

The Pensions Regulator’s list of authorised master trusts has been updated this morning to include two additional schemes, bringing the total to 20.

Expanding wealth manager and Financial Planner Sanlam UK has acquired a 55% stake in  Financial Planning firm Avidus Scott Lang (ASL), which is based in Cheshire.

Omnis Investments Limited, Openwork’s £7bn specialist asset management company, is launching nine new funds and the appointment of four new investment managers.

The rapid increase in DB transfer values has been the main spur to the rise in transfers and not greedy advisers seeking contingent charging fees, says AJ Bell.

In response to the recent suggestion that the State Pension age should increase to 75, Aegon called on the Government to confirm pension freedoms will be available from age 55 even if the pension age is raised.

Claims management companies (CMCs) - so-called ‘ambulance chasers’ - must do more to ensure their promotions do not mislead potential customers according to the FCA.