The Bank of England today raised its base rate by 50 basis points from 1.25% to 1.75%.

The FCA has launched a new section on its website to give regulated firms regularly updated guidance on helping clients hit by the cost of living crisis.

The Consumer Prices Index (CPI), the government’s main measure of inflation, jumped from 9.1% in May to 9.4% in June.

Advisers should avoid ‘panic’ buying DB transfers on the assumption rates will only go in one direction, according to a new report.