Economic uncertainty caused people to cut back on spending by an average of £125 a month in 2018, a new survey has revealed.

Nearly 10m workers have been enrolled in auto-enrolment pensions schemes as the government prepares to raise the minimum contribution from 5% to 8% in April, new figures from the Department for Work and Pensions show.

More than seven in 10 adults (71%) plan to make changes to their finances in 2019, according to a large-scale survey.

Former Pensions Minister Baroness Ros Altmann has forecast major changes ahead for pensions in 2019 with policy trends already in motion likely to continue next year despite an uncertain economic picture.

“Off-the-scale workloads and out-of-touch senior management” have been identified as the key causes of financial services staff stress and mental ill health in a new survey.

Consumers could be in line for compensation after FSCS declares three firms in default.

Tilney, the wealth manager and Financial Planning group, is to acquire the wealth management business of accountants Moore Stephens LLP.

A rogue financial adviser who cheated vulnerable elderly women, family and friends out of their life savings - and fled to Russia to spend the proceeds on gambling and prostitutes - has been jailed for eight years at Liverpool Crown Court.

Financial Planner and investment group Tilney is set to acquire Midlands firm Index Wealth Management.

A 21-year-old has been appointed a PFS Fellow and was said by his firm to be the youngest ever to be awarded the accolade.