Almost half of UK adults (48%) are shunning financial advisers despite 88% of advised clients saying they were financially prepared for retirement.

The Personal Finance Society has warned regulators and government that advisers are ditching pension transfer advice due to soaring professional indemnity premiums.

IFA network Tenet has acquired two of its member financial advisory firms in Mansfield to create a new hub in Nottinghamshire with £25m under management.

Ipswich-based Chartered Financial Planner firm SG Wealth Management have moved to new offices in their home town - a historic 16th century building.

Apogee Wealth Management, a Cheshire-based Chartered Financial Planner wealth firm, has bought local IFA Premier Financial Planning UK for an undisclosed sum.

Digital advice firm OpenMoney has acquired Jargonfree Benefits (JFB), the employee benefits business set up by pensions guru and cartoonist Steve Bee.

Nearly 6 in 10 wealth managers are turning away clients who fall below their minimum investment level with more adopting this strategy as costs rise and fees fall.

Scottish Friendly has completed the acquisition of a large book of life and pensions policies from Canada Life in a move which will see its assets under management more than double to over £5bn.

Three new directors have been appointed to the Financial Conduct Authority board by the Treasury.

Network Sesame Bankhall has announced a raft of management changes which will see group managing director Martin Shultheiss leave the business after only a year in the role.