Half of the UK population is failing to save enough for retirement, according to the Institute of Financial Planning.

Lloyds Banking Group has announced its contingency plan should chief executive Antonio Horta-Osorio take longer to return.

The Financial Services Authority has outlined its plans for Statements of Professional Standing after fears advisers would miss the deadline.

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.

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

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

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

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.

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

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