Asset manager M&G’s wealth management arm has partnered with robo adviser Moneyfarm to launch a direct to consumer digital wealth proposition.

Martin Gilbert’s AssetCo has confirmed that it is to acquire investment manager River & Mercantile Group (RMG).

Tilney Smith & Williamson-owned platform Bestinvest is to “transform” into a hybrid advice service.

Challenger bank Monzo is to launch an investments and wealth business.

Pension transfer activity dropped to its lowest level in four years in December.

Regulation is the biggest challenge faced by Financial Planners in 2022, according to a poll from the Personal Finance Society (PFS).

Staff at the Financial Conduct Authority will vote this week on taking action over concerns about cost-cutting at the regulator.

Inheritance tax receipts for April 2021 to December 2021 were £4.6bn, £0.6bn higher than in the same period a year earlier.

The Financial Conduct Authority has warned firms using company or insolvency law to avoid their liabilities that they may face action.

Eight in ten advice firms expect to report an increase in turnover for 2022 compared to 2021, according to a new report.