Advisers placed £1.4bn of new business onto the Quilter platform in the fourth quarter of 2023, according to a trading update from the wealth manager.

The latest HMRC inheritance tax receipts published today have revealed that £5.7bn was collected in the first three quarters of the 2023/24 financial year.

Wealth manager and Financial Planner Quilter has appointed Craig Ross as head of adviser propositions.

Almost two-thirds of Britons expect the UK to enter a recession this year, with just a fifth confident that one will be avoided.