The Personal Finance Society says it has received new evidence that some of its 40,000 members are being hit with huge increases in Professional Indemnity premiums and facing restricted cover.

NS&I has cut rates widely across its fixed and variable savings products and reduced the number of Premium bond prizes with effect from 1 May.

Old Mutual International has been rebranded as Quilter International as the Quilter rebranding strategy moves closer to conclusion.

The FCA has warned that ‘high risk’ investment products are exposing consumers to “more risk than they can absorb.”

Investec Asset Management is to float on the London and Johannesburg Stock Exchanges in March with staff set to own 20% of shares.

The new Chancellor Rishi Sunak has confirmed that the Budget will take place on 11 March, ending speculation it would be pushed back to give him more time.

Bristol-based SIPP and SSAS pensions and financial services firm Hartley Pensions has bought another closed or failed SIPP firm, this time snapping up Guinness Mahon Trust Corporation (GMTC).

Fund manager and platform Vanguard has unveiled its own SIPP product, the Vanguard Personal Pension.

The Chartered Institute for Securities & Investment says two new firms, including one run by Financial Planning Today columnist Nicola Watts, have become CISI Accredited Firms, an elite level of membership.

Fund manager Franklin Templeton is to acquire rival Legg Mason in a deal which will create a global business managing £1.15 trillion in assets.