Aviva has promoted its international insurance head Maurice Tulloch to be its new Aviva plc chief executive from today (4 March) after a six month hunt.

Fairstone, which describes itself as one of the UK’s largest Chartered Financial Planning firms, has acquired Pensions and Wealth Management Services, adding 400 clients and £200m FUM.

Standard Life Aberdeen’s Financial Planning arm 1825 has acquired the wealth management arm of BDO Northern Ireland.

Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.

AFH Financial Group, the wealth management and Financial Planning group led by Chartered Financial Planner Alan Hudson, is to reveal ambitious plans today to nearly triple revenues over the next three to five years to £140m as it strives to become the leading UK ‘Financial Planning-led’ wealth manager.

More than one in three regular savers has avoided investing because there are too many funds to choose from, they say.

National IFA and Financial Planning firm Continuum has expanded into East Anglia with the recruitment of adviser business Peter Barton in Norwich.

Nigel Green, the chief executive of global wealth adviser deVere, has acquired Credence International, a UAE-based wealth management and Financial Planning business.

The Financial Conduct Authority has called on the investment sector and wealth managers to improve the way they disclose costs and charges to clients following a review of the sector which found shortcomings.

Chartered Financial Planner Hilary Schofield FPFS has been recognised as a ‘Power Returner’ for successfully forging a new career as a planner after a senior role in food manufacturing.