Leading economists expect UK Gross Domestic Product to decline by a record -8.6% this year before bouncing back strongly in 2021 with a rise of 6.2% predicted next year.

Fairstone, one of the UK’s largest Chartered Financial Planning firms, has signed terms with a Northern Financial Planning firm to join its progressive acquisition programme expected to result in the takeover of the firm.

Fund manager Ninety One, formerly Investec Asset Management, has reported full year pre-tax profits up by 11% to £198.5m but Assets Under Management down 7% to £103.4bn.

CPI inflation fell in April to 0.8% from 1.5% in March, driven down mainly by falling fuel and energy costs.

Women are more likely than men to be worried about their finances during the Coronavirus pandemic, according to new research.

The Paraplanner Powwows, the support and training initiative for Paraplanners, is launching ‘Lockdown Lingo Bingo’ to herald its new virtual Paraplanner Coffee Mornings initiative.

Momentum Pensions, a UK and international SIPP and pension provider, has appointed Sandra Robertson as its new group chief executive as Stewart Davies hands over the role after six and a half years.

The latest data has provided more evidence that Pension Freedom users are putting their withdrawals into bank accounts, according to data provider Moneyfacts.

A survey of 2,000 consumers has revealed a 45% year-on-year jump in the number of Britons who fear an economic crash following the Coronavirus pandemic will derail their retirement plans.

The Financial Services Compensation Scheme has declared 12 collapsed regulated firms in default during April.