The FCA has cancelled the part 4A regulatory permissions of Glasgow-based firm LR Kennedy Insurance Services (FRN: 311420) after repeated failures from the firm to respond to questionnaires, telephone calls and emails from the regulator.

Glasgow-based wealth manager JG Wealth Management Limited (FRN 165729) - which traded under numerous different names include ‘Rest Eazy’ - has been declared in default by the Financial Services Compensation Scheme.

Swedish-owned Söderberg & Partners has taken a 30% stake in Financial Planning firm Murphy Wealth, its first Scottish investment.

Glasgow-based pension adviser firm Executive Benefit Consultancy Ltd (FRN: 207482) has been declared in default by the Financial Services Compensation scheme.

Expanding national advice firm Foster Denovo has acquired £200m AUM Glasgow-based financial advisers Rosemount Asset Management for an undisclosed amount, the firm’s fourth acquisition in 12 months.