The Consumer Prices Index (CPI), one of the main measures of UK inflation, rose from 2.6% in July to 2.9% in August, mainly due to rises in clothing and motor fuel costs. The CPI rate was 0.6% in August 2016.

Potential scammers have targeted 1.8m people aged over 50 in the last three months, according to a new report.

Pension freedom statistics released today showing that £9.2bn has been withdrawn so far could be masking the danger of people running out of money in retirement, say leading pension commentators.

A survey has revealed that 77% of financial advisers have either used or are actively considering using hybrid retirement solutions and 10% overall say that hybrid retirement products have become a key part of their toolkit while 34% say they likely to become key.