The Information Commissioner's Office has fined Halifax-based marketing company Parkin Beacher Ltd (PBL) £50,000 for making nearly 100,000 illegal marketing cold calls to people about their pensions.

The XPS DB Transfer Index rose sharply in July to end the month at £260,000, just short of the record high of £261,500 seen in July 2020.

Over 4 in 10 (41%) Financial Planners have seen clients change their long-term needs over the past 12 months, according to a new report.

4 in 5 (78%) of Financial Planners go beyond dealing with pure financial matters with their retirement clients to provide advice on life after work.

Industry veteran John Moret has called on the Financial Conduct Authority (FCA) to offer greater clarity on measurement mechanisms to aid customer care performance monitoring and benchmarking.

Wealth manager and Financial Planner Tilney Smith & Williamson has appointed former Saunderson House Financial Planner James Weston to its London team.

John Lewis has partnered with digital wealth manager Nutmeg to launch three digital investing propositions.

Platform and SIPP provider AJ Bell has promoted CFO Michael Summersgill to the newly-created role of deputy chief executive officer.

CPI inflation showed a significant fall last month to 2% but experts warn that the drop may only be temporary and a rate of 4% by the year end is possible.