Wealth manager and Financial Planner Evelyn Partners suffered a near £5bn drop in Assets Under Management in 2022 as market turmoil hit figures, the firm’s full year results out today show.

The FCA has approved the first Long Term Asset Fund (LTAF) with Schroders becoming the inaugural provider.

M&G’s full year results for 2022 reveal that the firm paid £73m for wealth manager and Financial Planner Sandringham Financial Partners.

Financial Planners and leading industry figures who organised the recent Rock for Ukraine charity gig have raised over £50,000  - £10,000 more than the £40,000 target.

A new professional body to help promote compliance with the FCA’s new Consumer Duty requirements has been launched in London today.

The FCA will begin invoicing for the Treasury’s new Anti-Money Laundering levy from July, with some large firms expected to pay £250,000 per annum.

Platform Transact has embargoed staff leave for several weeks to cope with the end of tax year rush.

Quilter has warned that more than 1.1m taxpayers could be dragged into higher rate tax bands by 2027.

Advisers are more frequently recommending onshore open-architecture bonds, annuities and more sophisticated investment products.

There was a stark reminder this week that the cost of economic crime is hitting everyone in the pocket and financial advisory firms will be no exception.