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Payouts to 34,000 estates

Joint statement released with BoE and Treasury

'What clients value most from advisers is clear priorities, reassurance and practical help'

Academy launched to help smaller firms grow organically

Said the move marked ‘the right moment for a transition’

Financial advice firms ‘lack a clear service strategy for bereaved clients'

Compensation payments of £267m anticipated

Aviva, L&G, Royal London and Scottish Widows

Deal to create £17.5bn AUMA business

Mini reshuffle following health secretary Wes Streeting resignation