Tilney Smith & Williamson is following rivals by removing VAT from its Managed Portfolio Service propositions.

 Chancellor Rishi Sunak will present his next Budget to MPs on 3 March.

Private equity firm AnaCap Financial Partners has acquired Novia, the £8bn adviser platform and SIPP provider.

Pensions and investment planning software firm Selectapension has been acquired by the Perseus operating group of Canadian technology company Constellation Software.

Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.