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

Despite concerns about the UK’s finances, 66% of consumers say they are confident about their own personal finances.

Lloyds Bank has revealed plans to target the Financial Planning and pensions markets and is aiming for 1m new customers by 2020.

Scottish Widows and Lloyds Banking Group’s Wealth businesses have given notice to terminate their partnership with Standard Life Aberdeen which manages over £100bn of Scottish Widows and Lloyd’s Bank client funds.