Wealth manager and Financial Planner WH Ireland is beginning to show signs of recovery after a £5m rescue deal thrashed out in the summer saved the company from being wound up.

Chartered Financial Planner and professional services firm Progeny has reported revenue for the first half of 2023 up 43% (£10m) year on year.

More than four in 10 financial advisers expect the FCA’s new Consumer Duty - which comes into effect today - to hit profits due to the cost of complying with the new rules.

National IFA firm Chase de Vere has reported positive financial results for the year ending December 2022 with turnover and profit up despite a challenging economic environment.