The Money Advice Service has proposed a slightly increased money guidance budget of £27.2m for its final year (up £0.2m) before it merges with two other guidance bodies.

Rathbone‎s and Smith & Williamson have confirmed they are in exclusive talks which may lead to merger creating a group with £50bn under advice.

Fifteen IFP and CISI branches are set to merge next year as the transition takes place over the course of 2016.

The Chartered Institute for Securities & Investment (CISI) and the Institute of Financial Planning have signed and exchanged contracts confirming that the merger of the two institutes will go ahead as planned. Read more...