The merger of Aberdeen Asset Management and Standard Life has completed today to form Standard Life Aberdeen, a financial giant with with assets under administration of £670 billion.

Succession, the wealth manager platform business, has reported turnover and operating profits up strongly this year.

The Association of British Insurers has voiced unexpectedly strong criticism of the latest Prudential Regulation Authority proposals which it warns is planning to further increase reporting burdens for insurers.

City of London Police this week arrested a man in the City on suspicion of conspiracy to defraud and money laundering.

A new report suggests that 8.6 million parents and grandparents are part of families that depend on both the younger and older generations chipping in financially.

Prudential plans to combine its fund manager M&G and Prudential UK & Europe to form M&G Prudential, a combined business managing £332bn of assets for 6m customers.

Innovate Wealth Management of Mansfield, Notts, has joined the Beaufort Group, a national partnership of financial advisers, as an appointed representative.

Sanlam UK – part of South African-owned Sanlam Limited - has acquired the financial adviser network business of Tavistock Financial Ltd from Tavistock Investments Plc.

CleverAdviser, a cloud-based fund analysis software for IFAs which uses artificial intelligence, has reported passing the milestone of £1 billion of clients’ assets on the process.

The FCA’s Upper Tribunal has upheld the regulator’s decision to ban Charles Palmer, the former chief executive of Financial Limited and Investments Limited, from performing FCA significant influence functions.