Annuity incomes have surged to a 16-year high as the market booms, according to the latest data from Hargreaves Lansdown’s annuity search engine.

Close Brothers Asset Management has become a standalone new wealth manager with a new name of TrinityBridge.

The FCA wants more vulnerable customers to seek help as it emerged that just four in 10 vulnerable clients have disclosed their vulnerability to the regulated firms they deal with, it said this week.

The Financial Services Compensation Scheme (FSCS) has today appointed interim CEO Martyn Beauchamp as its permanent CEO.

Fund manager and financial provider Abrdn is reverting to the Aberdeen brand it ditched four years ago and dropping its vowel-free name.