The FCA has censured Quilter-owned Lighthouse Advisory Services Limited for serious advice failings in relation to the British Steel Pension Scheme (BSPS) which resulted in £23m paid in redress to clients.

Wealth manager Quilter Cheviot has hired Margaret Schmitt as responsible investment analyst from infrastructure consulting firm AECOM.

Assets under management and administration for Financial Planner and wealth manager Quilter dropped 5% to £101.9bn in the first three months of the year, compared to £107.2bn in 2022.

The government's inheritance tax (IHT) haul for the 2022/2023 tax year reached £7.1bn - £1bn higher than the record seen in the previous year.