Long-term funds domiciled in Europe had their worst year in 2022 in term of flows since 2008, shedding €130bn (£114bn).

STM Group, parent company of SIPP provider Options, has agreed to acquire the SIPP and SSAS portfolio of US asset manager and pension consultancy Mercer.

Punter Southall Aspire has recruited Chartered Financial Planner Josh Gordon for its Poole office.

Moola, one of the smaller robo-advice firms, is to shut its doors in February after changing hands several times over the last few years.