Neil Woodford has hit out at Link Fund Solutions after the administrator decided to pull the plug on his £3.5m Equity Income Fund.

The Embark Group has appointed of Lawrence Churchill CBE as its newest member of the company’s board of directors.

Vanguard has today launched a new low cost UK fund.

National advisory firm Beaufort Financial has completed its newest partnership with Akrivis Wealth, the 19th such arrangement with an IFA firm.

Woodford Investment Management, the high profile fund manager set up by Neil Woodford, is to close after it lost most of its remaing fund management contracts.

The annual summit of wealth management trade association PIMFA, which represents 1,000 investment managers and financial advisers, got underway this morning.

Delegates at the PIMFA Summit in London this morning heard how pensions auto-enrolment could be used as a framework for future savings.

The triple pensions lock and rising average earnings mean that the State Pension will rise by around 4% in April - an increase of about £350 a year.

The FCA wants better disclosure to clients on climate change issues and ‘green’ financial products.

North West independent financial adviser Acumen Financial Partnership has boosted its management team with the addition of a Chartered Financial Planner as the expanding firm’s funds break through the £250m level for the first time.