Sanlam Investments, part of international financial services group Sanlam Ltd, has launched a US Absolute Return Fund.

The number of customer complaints made to the Financial Ombudsman Service (FOS) relating to defined benefit transfers rose by 44% in 2018/19.

Financial adviser firm Chase de Vere has hired ex-Scottish Widows and Prudential manager Darren Fletcher to be senior manager in its Birmingham office.

Global investment manager Orbis Investments has revealed that its OEIC Global Equity fund and the Orbis OEIC Global Balanced fund have now been added to the Standard Life Wrap platform. 

Reyker Securities, a firm which offered structured investments and a DFM service, has slumped into administration.

The Financial Services Compensation Scheme (FSCS) is drawing up plans to help eligible customers of Reyker Securities, which went into special administration on Tuesday.

The Chartered Institute for Securities & Investment has established a new mental health support portal to encourage more people working in financial services to talk about mental health issues and get help if they need it.

The majority (84%) of financial advisers questioned in a survey believe Individual Savings Accounts (ISAs) have become “too complicated.”

XPS Pensions, the pensions administrator, says that 35% of pension schemes have appointed or are considering appointing an IFA to support members.

Expanding wealth manager The Private Office (TPO) has acquired John Lamb Wealth Management, a well known firm of Chartered Financial Planners in London.