The rapidly expanding Embark Group has acquired Zurich’s platform arm for an undisclosed sum, pushing its assets under advice to £33bn.

The FCA has fined Henderson Investment Funds Limited £1.868m for failing to tell thousands of investors for five years that two active funds had been converted to ‘closet trackers.’

The Competition and Markets Authority (CMA) has launched a wide-ranging investigation into “suspected anti-competitive arrangements in the financial services sector”.

UBS’s wealth management arm has predicted a ‘decade of transformation’ beginning in 2020.

Kelvin Riches, a Chartered Financial Planner at Sussex-based MHA Carpenter Box Wealth Management (CBWM), has reached PFS Fellowship status by passing 19 exams.

New Aviva chief executive Maurice Tulloch has announced a major restructuring which will see the group streamlined into five divisions and both substantial investment and cost cutting between now and 2022.

A quarter (24%) of people globally are concerned they are not saving enough ahead of retiring, with baby-boomers most fearful they are lacking savings, Schroders’ Global Investor Study 2019 has found.

Insurers, professional bodies, guidance services and financial advisers revealed what they will do to support Insuring Women’s Futures, a CII-led initiative. 

Independent financial and corporate adviser Chase de Vere has called on product providers to do more to meet a “growing demand” to provide easy access to ethical and socially-responsible investment funds in their workplace pensions.

A third of over 50s say they do not think they have enough money to provide them with sufficient income for their retirement.