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.

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.

Bestinvest’s latest ‘Spot the Dog’ report on the worst performing funds reveals that investors have nearly £44bn tied up in underperforming investments.

The Financial Services Compensation Scheme said today it has made the first pay-outs - totalling just under £2.7m - to 135 victims of the LCF mini-bond firm collapse.

Jupiter Fund Management has revealed plans to takeover rival Merian Global Investors in a move aimed at creating a more diversified asset manager and cutting costs.

Standard Life Aberdeen chief executive Keith Skeoch has been appointed chair of the Investment Association’s board.

Royal Bank of Scotland, the part nationalised bank baled out by the government, plans to rebrand under the NatWest name later this year.

The Personal Finance Society has reported that 3,000 members have downloaded a template to be used to write to MPs to urge government intervention over rising Professional Indemnity and FSCS costs.

The FCA levied fines and financial penalties amounting to over £540m in 2019, the regulator has revealed.

Chartered Insurance Broker Brunel Group has entered the Financial Planning sector with the launch of an independent business called Brunel Wealth.