Sir Nicholas Montagu has been appointed by the Financial Services Authority as the new chairman of the Financial Ombudsman Service.

More than two thirds of consumers support the RDR and say it would make them more likely to seek professional advice.

The Monetary Policy Committee is divided on whether the Bank of England should undertake further asset purchases.

Fears of a high-risk event affecting the UK economy are the highest they have been since the Lehman Brothers crash.

Almost three quarters of consumers agree that Financial Planning is relevant for everyone, not just the wealthy.

Consumers have access on the IFP’s Financial Planning Week website to a wealth of tools and information to sort out their finances on the Financial Planning Week website.

Low income groups are being hardest hit by deteriorating household finances, according to Markit.

New rules and regulations imposed by the Financial Services Authority over the past year will cost up to £1.4bn to comply with.

MoneyVista, part of the Royal London Group, has launched a new Financial Planning tool for consumers.

Just four per cent of the population would seek professional financial advice to improve their financial situation, according to a survey for the Institute of Financial Planning.