High net worth individuals (HNWIs) in the UK significantly underestimate how much money they need for the retirement they want, with the average respondent misjudging by around half.

New figures from HMRC have revealed that pensions lifetime allowance (LTA) penalty charges added a record £516m to the Treasury’s coffers in 2022-23, the last full year before it was abolished in April this year.

The FCA is to expand its £1.35bn Dormant Assets Scheme (DAS) to include unclaimed client money and investment assets.

The FCA has agreed to correct an error on its Register of authorised individuals after a complaint was upheld by the Complaints Commissioner.

Over four in five retired annuity holders who would likely qualify for an enhanced annuity do not currently have one, according to new research.

The Bank of England's Monetary Policy Committee (MPC) has voted 8-1 to hold the base rate at 5% in a widely expected decision.

The Bank of England's Monetary Policy Committee (MPC) has voted 5-4 to cut the bank base rate by 0.25 percentage points (0.25%) to 5% - the first cut in over four years.

Net new business for the wealth management arm of asset manager Schroders grew by 7% (£3.7bn) over the six months ended 30 June.

Almost two in three (64%) of current Premium Bond holders have never won a prize, according to new analysis.

One in five under-40s will be dragged into paying higher or additional rate tax by the 2027/28 tax year as a result of frozen income tax thresholds, according to a new report.