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Number of UK millionaires rises as average adult’s wealth falls


By Jack Gray

The number of US dollar millionaires in the UK increased by 43,139 (1.8 per cent) to 2.43 million in 2025, according to a report from UBS, although average wealth per adult fell to under $300,000


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Big endgame results for small pension schemes

For many CFOs and trustees, small DB schemes feel stable but not yet fully resolved. Without deliberate planning, gradual risks emerge. Moving from stability to a clear endgame requires focus.


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UK wealth and asset management M&A deal value rises to £22.7bn in H1 2026

The number and value of UK wealth and asset management merger and acquisition (M&A) transactions increased year-on-year in the first half of 2026, analysis from EY has shown

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Early pension planning ‘key’ to managing IHT change

Early pension planning is key to managing the potential impact of ‘double taxation’ when unused pension pots are brought into the scope of inheritance tax (IHT) from April 2027, Hymans Robertson Personal Wealth has argued

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Lower mansion tax threshold could widen impact on homeowners

Lowering the proposed threshold for Labour's planned council tax surcharge on higher-value homes from £2m to £1.5m could bring significantly more homeowners into scope, Saltus has warned

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Iress and PlannerPal expand partnership

AI-powered workflow for financial advisers and wealth managers, PlannerPal, has expanded its relationship with Iress through the fintech’s partnership programme

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Schroders Wealth Management launches global wealth advisory service

Schroders Wealth Management, including Cazenove Capital, has launched a global wealth advisory service, aiming to address rising complexity among ultra high net worth (UHNW) clients

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J. Safra Sarasin Group agrees acquisition of remaining stake in Saxo Bank

Bank J. Safra Sarasin has agreed to acquire the remaining 28.69 per cent stake in Saxo Holding AG, which is held indirectly by Saxo Bank founder and chair, Kim Fournais

Wealth managers and IFAs expect need for private markets exposure to grow

Wealth managers and independent financial advisers (IFA) believe that high net worth (HNW) and retail investors need to have exposure to private markets to access a wider range of growth opportunities, Wealth Club has found

AI to 'transform' financial services by 2030 - FCA

The Financial Conduct Authority (FCA) has published a review into the implications of advanced artificial intelligence (AI) in retail financial services, finding that it is likely to become a defining force, transforming how firms operate, consumers make financial decisions, and markets function
Executors warned over pensions IHT ‘administrative time-bomb’

UK families and executors could face an “administrative time-bomb” over incoming changes to the inheritance tax (IHT) treatment of pensions, DMH Stallard has warned

Schroders sells Benchmark to Söderberg & Partners

Schroders has agreed to sell its UK integrated financial advice business, Benchmark, to Söderberg & Partners, as it looks to reshape its wealth management businesses

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