Millennials expect to inherit £1.2 trillion over the next 30 years, a new survey has predicted.

Wealth management firm Sanlam has been ordered to pay compensation by the Financial Ombudsman Service for giving “unsuitable” advice.

Tavistock investments has reported a 130% increase in discretionary funds under management to £745m thanks to organic growth.

Sanlam UK has recruited an ex-Close Brothers Asset Management head of private client, Penny Lovell, to launch its new Private Office business which is aimed at HNW clients.