AJ Bell has commented on the news that NS&I has boosted its projected prize rate from 1.4 per cent to 2.2 per cent, with the odds of winning a prize riseing slightly from 1 in 24,500 to 1 in 24,000.

Alex Davies, CEO and Founder of Wealth Club has found the good points in the mini-budget, noting that both the VCT and EIS schemes will be extended.

Elston Consulting has announced the launch of five inflation-adapted portfolios available for licensing. Celebrating its 10-year anniversary, Elston is also expanding the business with the addition of two senior professionals to the team.

London-based Sparrows Capital has teamed up with the P1 Platform to provide its SCore model portfolios to users of the platform and to introduce existing users where appropriate.

New research from ETP provider GraniteShares shows the UK’s cost of living crisis is putting the squeeze on share trading with investors cutting back or stopping to save cash.

Evelyn Partners, the wealth management and professional services group created from the merger of Tilney and Smith & Williamson, has announced that it has acquired the investment management business of Arena Wealth.

Quilter Investors has announced it has launched the Quilter Investors Timber Equity Fund, a sub-advised mandate to be used within the WealthSelect Managed Portfolio Service.

Radiant Financial Group, the consolidator of IFA firms, has entered the Scottish market after acquiring two independent financial adviser businesses, adding over GBP300 million to the group’s assets under advisement (AUA) which is now in excess of GBP1 billion.

Results from WH Ireland published this week showed the fee income for the wealth management division represents 85 per cent of the wealth management division’s income, which has GBP1.6 billion of assets under management, of which GBP1.02 billion are under discretionary management.

Hargreaves Lansdown’s Susannah Streeter, senior investment and markets analyst writes that the Pound headed back towards USD1.20 as speculation intensified over the timing of the PM’s resignation.