Pershing, a BNY Mellon company, is to provide full UK wrap administration and execution capabilities to Saga Investment Services, the new joint venture from Tilney Bestinvest and over-50s provider Saga.

Tavistock Investments, the acquisitve advisory firm consolidator, is to buy Abacus Associates Financial Services Limited for just under £5.2m, pushing up the number of Tavistock advisers to more than 300. 

The Bank of England's Money Policy Committee voted unanimously to keep its Bank Rate unchanged today at half a per cent - meaning the record rate of stability has reached a seven year milestone.