Fairstone, one of the UK’s largest Chartered Financial Planning firms, has signed terms with a Northern Financial Planning firm to join its progressive acquisition programme expected to result in the takeover of the firm.

Acquisitive financial adviser group Tenet has acquired its fourth advice firm in the past six months, allowing the principal to retire.

Chartered Financial Planner Fairstone has announced a deal to acquire two more financial advice firms - making a total of four deals announced in the past month.

International pensions group STM, which bought troubled SIPP firm Carey Pensions last year, is planning further acquisitions in the SIPP and pensions sector as its focuses on the UK.