The percentage of financial advisers putting all their business on platforms is up 45% to 16% in the last year but many advisers are unhappy with service levels, according to a report from data provider Defaqto.

The parent company of Utmost Wealth Solutions - Life Company Consolidation Group - is to create a specialist wealth management firm as part of its acquisition of Generali PanEurope (GPE).

The FCA has today fined Bluefin Insurance Services Limited (Bluefin) £4,023,800 for having inadequate systems and controls and failing to provide information to customers about its independence in a way that was “clear, fair and not misleading.”

Aegon has recruited platform expert Alistair Welham as its new head of marketing communications to lead the company’s marketing communications strategy.