Tavistock investments has reported a 130% increase in discretionary funds under management to £745m thanks to organic growth.

The Pensions Advisory Service and the Money Advice Service, both government-backed financial guidance bodies, have launched an ‘integrated’ webchat service.

New research has found that 21% of adults say they would be put away an extra £134 a month on average if they could get financial advice – the equivalent of more than £1,600 per annum.

A survey by fund manager Legg Mason has found that a third of wealth managers (32%) say they are holding more cash across clients’ portfolios to protect against a market correction.

A company offering a binary options trading platform to investors has been successfully shut down by the Insolvency Service at Manchester District Registry after investors lost £350,000.

FE Invest, FE’s model portfolio service, has announced the launch of its Responsibly Managed Portfolios – a suite of risk-targeted portfolios to support financial advisers meeting the rising demand from clients for sustainable and ethical investments.

The Chartered Institute for Securities & Investment has warned that it will take disciplinary or court action against any adviser falsely claiming CFP status.

Research from Prudential has found that nearly two out of five advisers (40%) are working longer hours this year due to business growth and more compliance.

Consumer research by a financial provider has found that eight out of ten over-50s (78%) “significantly underestimate” how long they are likely to live - a gap that means many could run out of pension cash.

West Midlands-based Financial Planning firm Newell Palmer has acquired Bromsgrove-based IFA Haven Financial Services.