Revenue increased 6% year-on-year to £39m for the Chartered Insurance Institute (CII) as it returned to operating profit in 2021 but the professional body faces a potential tax bill of up to £2.5m.

Wealth manager Brewin Dolphin reported Financial Planning income up 24.6% year-on-year to £23.8m in the six months ending 31 March, driven by higher fund levels and demand for advice.

Investment manager Jupiter has reported £1.9bn of net outflows from retail investors in the first quarter of the year.

Revenues increased 80% (year-on-year) to £18.4m at financial advice firm Frenkel Topping for the year ending 31 December 2021.