Richard Wilson has been appointed CEO and CIO of BMO Global Asset Management with immediate effect. The 28-year investment management veteran replaces Rajiv Silgardo who is retiring from the company.

Households are worried about financial fragility and external shocks despite a £95 increase in monthly disposable income from £905 to £1,000 in the last quarter, according to a study by Scottish Friendly.

NPG Wealth Management and its life assurance company Private Estate Life (PEL) have joined forces and are now operating under a single brand name called OneLife, targeting the wealthy investor sector.

The Royal Mint has made Royal Mint gold bullion available to SIPP and SSAS plans for the first time, adding an additional pension investment option.

Andy Briggs, the CEO of Aviva UK Life, is to take over as chairman of the Association of British Insurers board in October.

Treasury Committee chairman Andrew Tyrie MP has written to Andrew Bailey, chief executive of the Prudential Regulation Authority, to highlight concerns about the amount of public disclosure of supervisory information.

Tenet’s wholly-owned appointed rep Aspire Financial Management has acquired the client bank of Furness Financial Advisers, the financial advice business of Furness Building Society.

More than a quarter (27%) of financial advisers are working longer hours with some working more than two hours extra each day compared with a year ago. One in 25 work 70 hours or more each week, according to new research.

Close Brothers AM has acquired London-based Chartered Financial Planning firm Eos Wealth Management, which includes a number of footballers and media celebrities among its client base.

Investec Asset Management has opened its Investec Global Quality Equity Income Fund for UK-based clients from today.