New data on the nation’s finances published by the Office for National Statistics today showed that the UK saving ratio now stands at 11.1%, higher than it was before the pandemic.

The number of people paying higher rate tax has increased over the past year by 310,000 from 6m to 6.31m, according to the latest HMRC figures.

Discretionary wealth manager Quilter Cheviot has teamed up with the Big Four accountancy firms to help the accountants’ employees and families manage their investment portfolios.

Nearly nine in 10 financial advice videos on social media platform TikTok (87.5%) are ‘potentially misleading’,  according to a study by advice firm Almond Financial.