More than half of people who have some financial responsibility for others (57%) have failed to write a will.

Wealth manager Quilter has reported a fall in assets under management and net inflows in its fourth quarter, but bosses said the firm ended the year on “a solid note.”

Inheritance tax receipts for the current tax year to-date have reached a record £5.3bn, according to the latest figures published by HMRC.

A million more people will be paying higher rate tax by 2027, according to forecasts published by HMRC in response to a Freedom of Information (FOI) request.