Companies
Nearly one-in-five wealthy Brits has at least £100,000 in cash
29% would like to move their assets to investments but don’t know what to do
Strategy gap means advisers risk missing wealth transfer boat
Which could undermine growth and prospects for sale
Pension withdrawals soared after first lockdown
Financial shocks such as redundancy and furlough were likely contributors to the trend
MitonOptimal UK snapped up by rival DFM firm
Deal is the multi-asset manager’s first strategic acquisition
FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them