Jupiter Fund Management has revealed plans to takeover rival Merian Global Investors in a move aimed at creating a more diversified asset manager and cutting costs.

Acquisitive Financial Planning-focused wealth manager Harwood Wealth has revealed more details of its own takeover by global private equity firm Carlyle.

The FCA has given the green light to the private equity takeover of IFG Group, parent company to Financial Planner and wealth manager Saunderson House and SIPP and platform provider James Hay.

Adviser support company SimplyBiz is to buy technology and data provider Defaqto in a deal worth a total of £74.3m.