Six Nucleus directors have stood down from the company today as the takeover of the business by James Hay is completed creating a platform managing £47bn in funds.

The first half of 2021 saw total net retail fund sales of £24bn, the highest level of half-year sales since 2017.

The Bank of England’s Monetary Policy Committee (MPC) has held interest rates at 0.1%, despite rising inflation fears.

Acquisitive financial adviser group Tenet has acquired Leeds-based wealth management firm Astute Financial Advisers Ltd.

The Financial Conduct Authority (FCA) has acted to stop Cyprus-based BDSwiss Holding Plc, and other firms from the BDSwiss Group, from offering high risk contracts for differences (CFDs) to UK investors.

Prime Minister Boris Johnson and Chancellor Rishi Sunak have written an open letter calling on UK pension schemes and institutional investors to deliver an ‘investment big bang’ to power the UK economy back to health.

Fund manager Vanguard has offered to pay its 16,500 US workers $1,000 each to get the Coronavirus vaccine.

The Chartered Institute for Securities & Investment (CISI) has called for more Financial Planners to sign up to take part in this year’s Financial Planning Week.

The Court of Appeal has upheld findings of breaches against illegal pension introducers Alexandra Associates (UK) Limited trading as Avacade Future Solutions (AA), and Craig and Lee Lummis in a case brought by the Financial Conduct Authority (FCA).

Consumers with a Financial Planner are four times more likely than those without to have high levels of financial wellbeing, according to a new report.