IBOSS, the investment management arm of Financial Planner and wealth manager Kingswood Group, is to cut the Ongoing Charges Figure (OCF) on all 32 of its DFM MPS portfolios.

Quilter is cutting platform charges for new customers from June and existing customers in Q3 - and introducing tiered adviser charging.

The FCA has begun criminal proceedings against four individuals allegedly involved in a £1.4m investment fraud involving a number of firms, including two ‘cloned’ firms.

Quilter will cut the cost of its Cirilium and Cirilium Blend portfolios at the end of March, with reductions taking effect from 31 March.