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AJ Bell announces new record AUA


By Michael Griffiths

AJ Bell increased its assets under administration (AUA) to a record £90.4bn in its second quarter, a figure up 13% on last year.

The investment platform, announcing its results for the three months to 31 March, also revealed that AUA were 1% up on the previous quarter


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IHT receipts reach new year-on-year record in 2024/25

Inheritance tax (IHT) receipts increased by £800m in the 2024/25 financial year, with a record £8.2bn collected between April 2024 and March 2025, HMRC has revealed

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FCA to streamline regulatory capital rules

The Financial Conduct Authority (FCA) has announced plans to streamline the rules on the types of funds that investment firms must hold to absorb losses during periods of stress

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Advisers risking regulatory issues on wills

Advisers are risking potential regulatory issues if they do not consider wills and Lasting Power of Attorney (LPAs) when recommending later life lending products, Key Later Life Finance has warned

L&G adds Harpenden Building Society to panel

Legal & General’s Mortgage Services business has announced the addition of Harpenden Building Society to its surveying services panel

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Over £800m paid to address state pension underpayments

The Department for Work and Pensions (DWP) has repaid £804.7m to individuals impacted by historical state pension underpayments
Shackleton launches new adviser division

Financial adviser Shackleton has announced the launch of a new personal injury and court of protection division

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Consumer confidence in housing market on the slide

The housing market has overseen a decline in consumer confidence during the first quarter of 2025, new research from the Building Societies Association (BSA) has revealed

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IHT receipts reach new year-on-year record in 2024/25

Inheritance tax (IHT) receipts increased by £800m in the 2024/25 financial year, with a record £8.2bn collected between April 2024 and March 2025, HMRC has revealed

17.9 million Brits to be dragged into basic tax rate, Quilter finds

Almost 18 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed

Advisers seek more support on IHT planning, study finds

Advisers are increasingly looking for support around inheritance tax (IHT) planning amid growing demand for advice, a new study by investment manager Downing has shown

Advisers see surge in IHT advice demand, Downing finds

Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found

Advisers risking regulatory issues on wills

Advisers are risking potential regulatory issues if they do not consider wills and Lasting Power of Attorney (LPAs) when recommending later life lending products, Key Later Life Finance has warned

FCA to streamline regulatory capital rules

The Financial Conduct Authority (FCA) has announced plans to streamline the rules on the types of funds that investment firms must hold to absorb losses during periods of stress

FCA calls on banks and societies to improve power of attorney policies

The Financial Conduct Authority has called on banks and building societies to improve their policies around power of attorney cases

FCA concludes consumer investment policy sprint

The Financial Conduct Authority (FCA) has concluded its six-week policy sprint, which aims to support new ways to help consumers make important investment decisions

Savings product choice hits record high – Moneyfacts

Overall product choice in the savings market has risen to a record high in April, as has the number of cash ISAs, new Moneyfacts data has shown

Consumer finance new business jumps 3% in February – FLA

Business volumes across the consumer finance sector increased by 3% in February compared to 2024, the latest data from the Finance & Leasing Association (FLA) has shown

Financial services sector slows amid uncertain outlook – CBI

Financial services (FS) firms reported slower volumes of business growth in Q1, according to new research by the Confederation of British Industry (CBI)

IFAs split on whether ISA allowance changes would drive investment

Around half (49%) of independent financial advisers (IFAs) believe a reduction or removal of the current ISA allowance would prompt clients to move more money into investments, a new Opinium study has shown. Opinium published its research, based on an online survey of 200 IFAs, ahead of savers rushing to meet this weekend’s tax year-end deadline

Over £800m paid to address state pension underpayments

The Department for Work and Pensions (DWP) has repaid £804.7m to individuals impacted by historical state pension underpayments

Half of UK adults don’t know how much they’ll get in state pension

Fifty per cent of UK adults do not know how much they’ll receive in their state pension, Standard Life has found

South East Water Pension Scheme completes £120m buy-in with Just Group

The South East Water Pension Scheme has completed a £120m buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members

Rothesay secures £105m buy-in for Skipton Building Society

Rothesay has completed a £105m full scheme buy-in with the Skipton Building Society (2015) Group Pension Scheme

AJ Bell announces new record AUA

AJ Bell increased its assets under administration (AUA) to a record £90.4bn in its second quarter, a figure up 13% on last year. The investment platform, announcing its results for the three months to 31 March, also revealed that AUA were 1% up on the previous quarter

Shackleton launches new adviser division

Financial adviser Shackleton has announced the launch of a new personal injury and court of protection division

Investor confidence drops 28% in UK markets – Hargreaves Lansdown

Investor confidence in UK markets fell by 28% in the first week of April, Hargreaves Lansdown has found

Söderberg & Partners invests in four UK IFAs

Swedish wealth manager Söderberg & Partners has made investments into four more UK-based independent financial adviser (IFA) firms

HALO Invest unveils research tool in preparation for adviser platform launch

HALO Invest has unveiled a new research product aimed at supporting investors in finding investment opportunities as it prepares to launch a new adviser platform in the UK

Air launches new app for later life lending advisers

Later life lending platform Air has launched a new app for its Air Club members which will deliver product rate notifications as well as market insight videos from industry experts

finova rolls out servicing upgrade for Redwood

Mortgage and savings software provider, finova, has rolled out a new servicing uplift for specialist business bank, Redwood Bank

Mortgage Brain and Aldermore complete API integration

Mortgage Brain has completed an API integration with specialist bank, Aldermore, as part of a move to make it quicker for intermediaries to run criteria searches

Vida Homeloans integrates AVM into mortgage application process

Vida Homeloans has announced the integration of an automated valuation model (AVM) into its mortgage application process

London-based wealth management firm K2 Private Wealth launches

London-based boutique wealth management firm K2 Private Wealth has launched this week, seeking to attract clients finding it difficult to access traditional private banks

News in brief - 25 April 2025

Today's round up of developments coming out of the consumer finance space, featuring Rosemount Financial Solutions (IFA), Nationwide and Hampshire Trust Bank

Together joins the BDLA

The Bridging & Development Lenders Association (BDLA) has announced Together as the latest lender member to join the association

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

BLOG: What You Need to Know About Portfolio Landlords in 2024

Portfolio landlords – those with four or more properties - are the backbone of the private rented sector. Our latest report, Portfolio Landlord 2024, looked into who these landlords are, how they feel about their property business and their plans for expansion

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