Adviser network Socium Group has withdrawn its acquisition offer for financial advice firm Beaufort Group.

Expanding Financial Planning firm Progeny has acquired Ayrshire-based Financial Planner Affinity as it extends its offering in Scotland.

David Lawrence, chief executive for wealth management at Financial Planner Kingswood, has spoken exclusively to Financial Planning Today for our latest Newsmakers interview on how the Coronavirus pandemic has changed working practices at the firm and its acquisitions pipeline for 2021.

Cheshire-based independent financial adviser Cullen Wealth has received a £4m loan to support a management buy-out and a hunt for acquisitions.