The Financial Services Compensation Scheme (FSCS) has blamed potential claims from the London Capital & Finance (LCF) mini-bond scandal for an additional £44m cost in its £649m 2020/21 budget.

Fund manager Ninety One, formerly Investec Asset Management, has reported full year pre-tax profits up by 11% to £198.5m but Assets Under Management down 7% to £103.4bn.

Women are more likely than men to be worried about their finances during the Coronavirus pandemic, according to new research.

UK insurers and long term savings providers have today launched a new £100m fund to help support charities “hardest hit” by the Covid-19 crisis.