Low cost fund manager Vanguard is mulling plans to enter the UK financial advice market and, at the same time, boosting its team working with advisers and engaging direct with consumers.

The newly-merged Premier Miton Group saw net outflows of £222m in its first quarter, figures for its first three months in business revealed today.

UK equity funds had their best month for net retail sales for six months but there was a trend towards lower volatility funds.

The latest data suggests that only 14% of divorcees are splitting retirement assets when they break up, according to a national wealth manager.

The FSCS said today that it cannot help 283 London Capital & Finance victims because they became customers before the firm was authorised in June 2016.

The Financial Conduct Authority is planning major reform of the easy access cash savings and cash ISA markets to provide a better deal for savers.

Biotechnology & Healthcare was the top performing investment company sector over the past decade, according to data from the Association of Investment Companies.

The 40,000-member Personal Financial Society, which represents most of the UK’s Financial Planners, has questioned the FCA’s 5 year plan to become a ‘data-driven’ regulator.

The Pension Schemes Bill - deferred from the last Parliament - has returned to the legislature with a raft of changes planned including new legislation to advance the Pensions Dashboard.

St Albans-based Lumin Wealth Management has bought London Financial Planner Everett MacLeod for an undisclosed sum.