Financial Planning and investment group Tavistock has reported a surge in first half profits thanks to the sale of its investment arm, Tavistock Wealth Limited, to Titan Wealth in August for an initial sum of £20m.

Financial advisory firm Frenkel Topping has reported a 93% rise in revenue in its interim results today thanks to a rapid acquisition strategy.

Interim figures from Jupiter today underlined the impact of the Coronavirus pandemic as pre-tax profits plunged by 50% to £40.8m and Assets Under Management declined from £45.9bn June 2019 to £39.2bn in June 2020.

Investment provider Hargreaves Lansdown has warned that its FSCS levy could nearly double in the coming year from £6.8m to £13m.