Active global and US funds posted their best performance against comparable index trackers in the first half of the year, but UK funds did less well, according to the latest AJ Bell Manager versus Machine report.

Platform group Nucleus Financial Platforms has appointed FNZ chief financial & commercial officer Andrew Ring as chief financial officer, subject to regulatory approval.

Population estimates issued by the Office for National Statistics suggest that women are set to hold most of the UK’s investment and pensions wealth.

Halo Invest has launched its investment platform after it received FCA approval.

Financial services firms will soon be able to offer retail consumers access to crypto exchange traded notes (cETNs), under changes announced by the FCA.

Fast-growing international Financial Planning firm Hoxton Wealth has completed the acquisition of Infinity Financial Solutions, a provider of expat financial services with multiple offices across Asia.

Retirement specialist PensionBee has launched a petition demanding the government take action on pension delays as frustration mounts over the slow pace of pension transfer switches.

New figures published by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has soared above half a million to 502,000 - resulting in a total of almost £1.5bn reclaimed since the introduction of Pension Freedoms in 2015.

The Managed Portfolio Services market has expanded and diversified so rapidly that MPS portfolios are likely to have overtaken multi-asset funds in total recommendations, according to new data.

Investment platform Transact is launching a series of adviser events to be held at its new office in the City of London this autumn.