New research on the UK wealth management sector has revealed that assets under management have reached a record £957bn for the first time with collective investments now making up over 40% of all assets.

The Financial Conduct Authority has launched a consultation today on measures aimed at protecting consumers, improving engagement and promote competition in the retirement income market. 

Tavistock Investments made a profit of £221,000 following a restructure of its advice services.

Financial Planning firm Fidelius has selected Hubwise as its new investment platform.

Liontrust Asset Management has reported an increase in assets under management of 61% - from £6.5bn to £10.5bn over the last year.

Half of all investors are in the dark about the fees charged by their wealth managers, leading to an accusation that firms are abusing the trust of investors.

The Personal Finance Society has recruited pensions experts and practitioners to help launch a new Pensions Advice Taskforce which will aim to provide “strategic leadership” and a voluntary code of professional standards for pension advice in the wake of the Pension Freedoms.

Glasgow-based wealth advisory firm Murphy Wealth plans to move to a new 3,000 sq ft location in the city.

People living with diabetes can, for the first time, buy life insurance knowing that their premiums will never go up and can go down. 

The European Court has ruled in favour of a transgender woman who was denied access to her pension.