The number of higher rate taxpayers in the UK is set to increase 65% over the next four years from 4.1m to 6.8m, according to the latest figures from the Office for Budget Responsibility (OBR).

The Financial Services Compensation Scheme reported today that it has now paid compensation to London Capital & Finance bondholder victims of over £114m.

Just over one in four workplace pension savers (26%) fear their pension pot will fail to provide enough to live on at retirement, according to a new report from the Pensions and Lifetime Savings Association (PLSA).

Investment research and ratings firm RSMR has recruited Olga Baron for its investment team from the disbanded Wellian research team.

Just five major platforms dominate the adviser platform sector, according to research from consultancy lang cat.

Financial Planner and retirement adviser Punter Southall Aspire has recruited James Kempson FPFS from Investec Wealth to be principal of its Bedford office and help boost expansion of the Chartered Financial Planning side of its business.

The Financial Ombudsman Service upheld a higher percentage of complaints in the second half of 2021 than the previous six months, latest data from the complaints handling service has revealed.

The Consumer Prices Index rose to 7% in March, the highest level for three decades, ONS reported today.

CPI inflation soared to 9% in April, up from 7% in March, ONS said today.

CPI inflation increased by 10 basis points from 9% to 9.1% in May, ONS reported today.