Former Standard Life Aberdeen joint chief executive Martin Gilbert’s AssetCo has acquired a 30% stake in Parmenion Capital Partners.

The Financial Conduct Authority’s (FCA) pension guidance consultation is too skewed to promotion Pension Wise and risks detracting from Financial Planners who may better serve customers, according to pension and investment providers.

The chief executive of Standard Life Aberdeen’s platforms businesses, Noel Butwell, has admitted that the firm has not listened to advisers due to being distracted by internal projects.

Standard Life Aberdeen has hired Brooks Macdonald CEO Caroline Connellan to be the new chief executive of its personal wealth division which includes Financial Planning business 1825.