Consolidator Amber River has been put up for sale with an £800m price tag, as Citywire New Model Adviser reports. It feels as if there is a lot of movement in the sector.
Inheritance tax (IHT) receipts for April and May 2025 have reached £1.5bn and £98m higher than the same period last year, according to the latest figures from HMRC, as Money Marketing reports.
MM also reports on a new campaign that aims to ‘challenge’ the traditional, transactional model of financial advice, backed by pension provider Aegon and led by Dr Tom Mathar. 'Money:Mindshift' will aim to reshape how people understand and engage with their financial lives.
This is certainly an interesting quote from Dr Mather – “Money:Mindshift is about shifting from numbers to your North Star – from focusing solely on financial outcomes to being guided by what truly matters in your life.
“At the heart of Money:Mindshift is the recognition that it’s completely normal to feel regret, anxiety, or even shame about money.
“These are not failures – they’re insights. And we can work with them constructively.”
The FTAdviser podcast addresses the subject of talking with teenagers about wealth and purpose.
The Financial Services Compensation Scheme (FSCS) has completed its investigation into failed Nexus Independent Financial Advisers (Nexus), the director of which faces fraud trial, and its assessment team is set to process claims.
The FSCS thanked clients of Nexus for their patience and set out that it is unable to confirm "exactly" when any specific claim will be paid. Nexus was placed under investigation by the FSCS in April 2023, after falling into administration in January of that year, Professional Adviser reports.
Less than one in three couples have completely joint finances according to M&G, IFA Magazine reports.
