Vertically-integrated wealth management group True Potential has reported a £1bn increase in assets on its platform in 2014, helping group profits almost double to more than £10m.

Where have all the good guys gone?

More than half a million people will be able to take advantage of the government's changing regulation around pensions from 6 April, according to latest official estimates.

Towergate Insurance has sold advice business Towergate Financial to Palatine Private Equity in a £8.64m deal.

Wealth manager Towry is developing a new simplified advice proposition for existing clients, which it plans to roll out in the coming months, the firm has said.

Financial Conduct Authority (FCA) technical specialist Rory Percival has hinted the regulator and ombudsman are working to agree on guidelines around suitability reporting for advisers.

The regulator's definition of "vulnerable consumer" must include those with gaps in their understanding of financial terms and products to prevent another misselling scandal, a software provider has said.

Insurer LV= has called for a levy to be put on transactions where a client purchases a retirement plan from their existing pensions provider.

Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.

Legal & General (L&G) has posted an operating profit growth of 10% for the last year following a strong performance of its retirement division.