XPS Pensions Group has revealed three of its team have been promoted to partners of the business.

Financial Planning firm Portfolio Financial Consultancy Ltd (PFC) is to acquire Crescent Financial.

Further details of the Independent Investigation into London Capital and Finance have been revealed by the FCA.

Brewin Dolphin has increased Financial Planning income and funds, a trading update for the three months ended 30 June has revealed.

Investment platform AJ Bell has boosted assets to more than £50bn for the first time according to a trading update in respect of the three months ended 30 June.

New Prime Minister Boris Johnson has kept Amber Rudd in place as Secretary of State for Work and Pensions and promoted Sajid Javid to Chancellor in his first Cabinet reshuffle.

Information from Defined Benefit pension schemes suggests that well over a third of a million people have transferred over £60bn out of such schemes in the last three years.

Investment management firm, Quilter Cheviot, has appointed two investment managers to support the upcoming opening of a new Leeds office.

PK Wealth has made its Managed Portfolio Service – Active Approach available for external advisers looking to outsource part of their investment proposition.

With Boris Johnson due to become Prime Minister today following his victory in the Conservative Party leadership contest yesterday the financial professionals have given their thoughts.