Half of the UK population is failing to save enough for retirement, according to the Institute of Financial Planning.

The IFP's consumer-focused education campaign Financial Planning Week 2011 was launched today (Monday 21 Nov).

Household debt is now almost half of average annual household income, according to Aviva.

Wealth management group Ashcourt Rowan is to receive an £8.5m cash injection by offering shares in the company.

Northern Rock is being sold to Richard Branson’s company Virgin Money for £747m.

The Financial Conduct Authority will have the power to ban products, according to Mark Hoban MP.

The new regulatory system will need to be held accountable for its actions, according to shadow financial secretary Christopher Leslie MP.

The Bank of England has downgraded its GDP growth forecast in today’s quarterly Inflation Report.

The Institute of Financial Planning Scottish Conference was deemed a success this week.

The Institute of Financial Planning has set up an ‘Ask a Planner’ section on its website ahead of Financial Planning Week.