Asset manager M&G’s wealth management arm has acquired investment manager TCF Investment in order to launch model portfolio services.

Inflation rose to 5.5% in January, continuing its run of the country’s highest inflation rate in 30 years.

The Consumer Prices Index (CPI) jumped by 6.2% in the 12 months to February 2022, markedly up from 5.5% in January.

Investment platform AJ Bell has called on the Financial Conduct Authority (FCA) to clarify the advice/guidance boundary in order to make the new Consumer Duty effective.

Adviser platform Novia has appointed Christina Dolding as director of adviser and customer experience.

Despite almost half (48%) of retirees worried about running out of money in retirement, three quarters (78%) have not sought professional financial advice, according to new research.

Acquisitive Financial Planning group Kingswood is to acquire Hampshire-based advice firm Aim Independent Limited (Aim) for a cash consideration of £3.6m.

Wealth management trade association PIMFA has called on the Financial Conduct Authority (FCA) to extend the proposed implementation period for the new Consumer Duty proposals.

NS&I has launched a new issue of its Green Savings Bonds at 1.3%.

Financial advice firm Frenkel Topping saw revenues almost double to £18m (2020: £10m) in 2021 following a number of acquisitions.