Profits have risen 56% at adviser support company SimplyBiz, as an improvement in underlying earnings from the first six full months of trading following the Defaqto acquisition helped offset a significant reduction in valuation income.

Financial information and technology firm Defaqto has hired ex-Morningstar exec Chris Deavin to head its new analytics service.

Defaqto has added ESG reviews to its Financial Planning software Defaqto Engage.

The Coronavirus pandemic has created the 'perfect storm' for those in income drawdown and many may never fully recover from the impact, according to a new report.