Advisory

Aegon UK posted a 37% increase in earnings in the fourth quarter of last year, compared with the same period in the year before, citing increased demand for income drawdown on its platform.

Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company running £700m of clients' funds.

Consolidator AFH Financial has acquired Kidderminster-based advice firm K.L. Plester Financial Services for £1.7m.

Standard Life has bought advice firm Pearson Jones from Skipton Building Society as it moves to capitalise on the demand for pensions advice.

IFA consolidator AFH Financial has acquired the assets of two advisory businesses, adding £55m in client funds.

Around half of wealth manager portfolios are failing to deliver positive alpha for clients, a new report has revealed.

St James's Place (SJP) saw funds under management hit a new record in the last 12 months, its latest figures show.

Listed financial services group Tavistock Investments has agreed to buy Standard Financial Group, the parent company of adviser network Financial, in a bid to grow the size and reach of its advisory business.

Saga and Tilney Bestinvest are to launch a joint venture offering investment and financial planning services to the UK's over-50s.

Listed advice firm Lighthouse Group has teamed with Money on Toast to create a 'cost-effective' focused investment advice service to be delivered online.