Independent Wealth Planners (IWP) has acquired 3 Financial Planning firms, increasing its number of acquisitions to 22 since its launch two years ago.

M&G Wealth has axed the brand names of its recently-acquired wealth platform Ascentric and its advice business Prudential Financial Planning (PFP) to bring the businesses under the M&G Wealth name.

St Albans-based Lumin Wealth has acquired nearby IFA firm Chamberlain Stean and West for an undisclosed sum.

The FCA confirmed today that it will consult on better protection for investors when Special Purpose Acquisitions Companies (SPACs) are used as takeover vehicles.