Almost eight out of 10 millennials prioritise socially responsible and impact investing, according to a new global survey.

Wealth management and Financial Planning group Quilter is planning to return £375m to shareholders following the sale of Quilter Life Assurance.

Quilter sold the business in August 2019 to ReAssure Group and raised a total of £445m from the sale including £20m in interest up to the completion date of 31 December.

The sale was structured under a mechanism which meant ReAssure effectively took control on 1 January 2020.

Allowing for costs and and other expenses associated with the sale, the board of Quilter said it considers the net remaining cash ‘surplus proceeds’ and has decided to distribute the windfall to shareholders.

Quilter says it will update the market on the method and timing of the capital return “as soon as practical” but before its full year results in March 2020.

Quilter plc oversees £110bn in customer investments and the business has a number of arms including a platform,  Quilter Financial Planning, Quilter Cheviot and Quilter Private Client Advisers.

Technology funds bounced back to lead global markets over the past decade but energy funds fared badly with funds in this sector forming half of the top 10 worst performers, according to analysis by Willis Owen.

HMRC convicted more than 600 individuals for tax crimes in 2019 and started more than 610 new investigations.

Client referrals and pension transfers were seen as the biggest opportunity areas by financial advisers in 2019, according to a survey by fintech Intelliflo.

Canadian investment firm Purpose Investments and HANetf have teamed up to launch what they claim will be the first medical cannabis Ucits ETF listed in Europe.

Private equity firm CBPE Capital LLP is to make “a major investment” in national Financial Planner and wealth manager Perspective to speed up the growing firm’s expansion plans.

Tenet has launched a new hub in the South East following the recent acquisitions of Chartwell Independent and Maguire Financial Limited, both based near Bromley in London. 

Tenet has launched a new hub in the South East following the recent acquisitions of Chartwell Independent and Maguire Financial Limited, both based near Bromley in London. 

Chancellor Sajid Javid has confirmed that his first post-election Budget will take place on Wednesday 11 March.