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‘We want to be in a position where we can look after all our advisers’

Advice firm declared in default after first claim was upheld

National IFA has snapped up Fareham-based In Focus Group

The firm recorded a £2.6bn increase in AUM thanks to 'strong investments'

Expect update later this year, regulator says

‘I want to look back in five years and have made a meaningful dent on the advice gap’

Says regulator neglected to act on claims of potential fraud for more than two years

‘We expect future reports to show an improvement in the quality and clarity of research’

Results released on same day as £5.4bn PE takeover bid confirmed

'It's a complex situation and a competitive market'