Inflation figures released today show the Consumer Prices Index (CPI) rose from 1.6% to 1.8% during April and one impact is that the number of savings accounts that beat inflation has declined further.
The Financial Ombudsman Service, the government-backed independent watchdog that aims to settle disputes between consumers and financial businesses, reported a record 2.3m disputes in the past 12 months - equivalent to 40,000 a week.
The Financial Ombudsman is poised to report figures tomorrow which show a rise of approximately 50% in the number of Sipp complaints it has received in the past year.
Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned.
Legal & General Investments, a provider of retail index tracking funds in the UK, has launched the Legal & General Short Dated Sterling Corporate Bond Index Fund.
Tavistock Investments has announced plans to acquire IFA firm County Life & Pensions - owner of the Sterling McCall Wealth Management network - and investment manager Blacksquare in a £7.3m deal.
Promote your vacancy to thousands of professionals on Financial Planning Jobs
Our specialist jobs service Financial Planning Jobs can help you reach nearly 12,000 financial professionals. You can set up an Employer Profile and post your job the same day on Financial Planning Jobs (terms apply). Dozens of Financial Planning and Paraplanning firms have used our affordable service to recruit new talent.
