Private equity firm Oaktree has acquired Sanlam Wealth UK from its South African parent company for £140m.

London-based SIPP and SSAS consolidator Wilton has signed a deal to acquire SSAS firm Bespoke in the latest move in a rapid acquisition drive. 

Life and pensions consolidator Chesnara is to acquire Sanlam UK's Life & Pensions arm (SLP) for £39m.

Fund and wealth manager M&G has promoted Clare Bousfield to be its first managing director, retail & savings, to lead the expansion of its new M&G Wealth arm.