AXA Wealth has moved into profitability following "strong growth across the business", which saw overall funds under management (FUM) increase by 11% last year.

Australian technology business IRESS has reported an upswing in underlying profits of 27.7% after its UK operations benefited from a "strong demand" from advisers and wealth managers, the group has said.

The Association of British Insurers (ABI) has called on the industry to fully support upcoming pension changes but warned "critical pieces of the jigsaw are still missing and will not be in place in time".

The Association of Professional Financial Advisers (APFA) has called for an independent audit to be carried out on the way the Financial Services Compensation Scheme (FSCS) funds its projects and recoveries.

Half of adviser businesses have already seen their bottom lines boosted by the pensions freedom announced last March, according to research.

A paper commissioned by the Financial Conduct Authority (FCA) has found ‘problems at every stage' in the way firms deal with vulnerable consumers.

More than three quarters of people nearing retirement do not yet know which route they will take to fund later life, according to research.

Listed financial services group Tavistock has raised a further £300,000 to be used as working capital following the buyout of network Financial Ltd.

The Chartered Insurance Institute (CII) is to launch a new voluntary exam for advisers wanting to prove their competence around the new pension rules.

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.