UK investors are expecting an average annual return of 8.7% on their investments over the next five years, according to fund manager Schroders which warns that these expectations are unrealistic.

Thesis Asset Management has launched an ‘acquisition strategy’ with the purchase of Cambridge Fund Managers (CFM), a Bath-based discretionary investment manager with £30m in funds under management.

North West Chartered Financial Planner Clarion Wealth has expanded into a new 5,600 square, foot three-storey headquarters in Alderley Edge, Cheshire, due to growing demand for the firm’s ‘lifelong’ approach to Financial Planning.

Parmenion, the DFM and platform technology provider, has cut its initial fee and initial dealing charges to zero for all new business and top ups, it announced today.

Brown Shipley, the wealth planner and investment manager, has hired Alan Mathewson as its new chief executive, subject to regulatory approval. He is due to start his new role by April.

The Financial Conduct Authority has today been recognised as one of the best organisations in the UK for race equality despite recently missing its own targets for diversity among its senior management team.

Research has shown that 5 million over-50s plan to continue working in retirement and 300,000 of these plan never to stop.

The Financial Services Compensation Scheme (FSCS) has warned consumers to steer clear of a Russian website claiming to represent the FSCS and asking people to register a claim.

Wealth manager and Financial Planning group Sanlam UK has appointed Justine Colley as portfolio manager in its London office, where she will report to Charlie Parker, head of portfolio management.

The majority of investment funds are failing to deliver above average returns consistently over three years and the number beating the average is declining, according to research from a fund manager.