Negative perceptions could be why just 10% of UK adults have taken paid-for financial advice in the past two years, according to research from digital advice firm OpenMoney in conjunction with YouGov.

Four people have been arrested as part of a HM Revenue and Customs investigation into a multi-million pound phone scam.

More than half of Financial Planners (53%) believe firms will shut due to the pandemic but around 52% forecast a rise in new clients, according to a new report.

Over 66% of CISI members believe it will take 12+ months or more for their business and the economy to recover from Covid-19 disruption.

Interim figures from Jupiter today underlined the impact of the Coronavirus pandemic as pre-tax profits plunged by 50% to £40.8m and Assets Under Management declined from £45.9bn June 2019 to £39.2bn in June 2020.

Financial education charity Young Money is to send free copies of Money Saving Expert Martin Lewis’s financial education textbook ‘Your Money Matters’ to 700 schools in Scotland, Wales and Northern Ireland.

The FCA is to consult on tougher rules to beef up protection for up to 24m vulnerable consumers.

The Financial Services Compensation Scheme has appointed three new non-executive directors to the FSCS board, including a former Secretary of State and a former chief operating office at Aviva.

The Work and Pensions Select Committee has launched an investigation into pension scams as part of its inquiry into pension freedoms.

The Coronavirus pandemic has left one in three UK savers fretting about their finances but only 3% consulted a Financial Planner in the second quarter of this year, according to a new report.