Investment platform provider AJ Bell has changed the terms on its Managed Portfolio Service funds to reduce risks and costs for advisers.

Abrdn’s Aberdeen Asian Income Fund Limited is planning to move its tax domicile from Jersey to the UK and adopt UK investment trust status, the company has reported.

The upheaval caused by the Coronavirus pandemic has spurred many over 55s to change their retirement plans with 22% aiming to bring forward their retirement date.

The Financial Conduct Authority has received 2,754 allegations of misconduct including fraud, money laundering and compliance complaints, according to data from the regulator’s annual report and accounts.

Aegon’s assets under administration in the UK have reached £200bn for the first time as the provider continues to increase scale in the UK pensions and savings markets.

Billy Mackay, former marketing director of AJ Bell Investcentre for 13 years, has been promoted to managing director of AJ Bell’s adviser platform.

It is only a matter of time before most Financial Planning clients turn their eyes towards ESG investing but a lack of knowledge is limiting the impact of ESG, according to True Bearing Chartered Financial Planners.

Aviva’s adviser platform saw record sales for the first half of the year with net flows up 48% to £2.7bn.

STM Group, the international financial services provider which owns Carey Pensions (now known as Options), is to make its chief operating officer Peter Marr redundant in the second half of the year as it downsizes its executive team.

UK gross domestic product (GDP) rose 4.8% between April and June according to data released this morning by the Office for National Statistics.