The Financial Ombudsman Service has today confirmed it will increase its annual budget for the coming year by just over 18.5% to £291.7m.

The advice sector has made a number of predictions about what could be included in today’s Spring Statement.

The Financial Services Compensation Scheme has increased its running costs budget forecast for 2022/23 to £95.5m.

An estimated 1.4m people will benefit from Chancellor Rishi Sunak’s decision to fix the net-pay anomaly on pensions, a move broadly welcomed by industry experts.