AFH Financial Group, the wealth management and Financial Planning group led by Chartered Financial Planner Alan Hudson, is to reveal ambitious plans today to nearly triple revenues over the next three to five years to £140m as it strives to become the leading UK ‘Financial Planning-led’ wealth manager.

Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.

I’ve felt for a long time that what the fund management sector offers, and Financial Planners and advisers in turn recommend, is often far from what investors want to buy and two surveys this week back up that view.

Standard Life Aberdeen’s Financial Planning arm 1825 has acquired the wealth management arm of BDO Northern Ireland.

Fairstone, which describes itself as one of the UK’s largest Chartered Financial Planning firms, has acquired Pensions and Wealth Management Services, adding 400 clients and £200m FUM.

Aviva has promoted its international insurance head Maurice Tulloch to be its new Aviva plc chief executive from today (4 March) after a six month hunt.

Xafinity SIPP and SSAS has cut fees on its SimplySIPP product and upgraded technology for advisers.

John Glen MP, Economic Secretary to the Treasury, has appointed consumer champion Richard Lloyd to the FCA board among a number of board appointments announced today.

The new single financial guidance body, which will bring together three consumer advice organisations, is to be called the Money and Pensions Service (MAPS).

The High Court has sentenced a man involved in four Unauthorised Collective Investment Schemes (UCIS) which lost investors £15m to six months in prison after he diverted assets which could have been used to repay investors.