The retirement prospects of millions of over-50s rely on downsizing, an inheritance or a lottery win, according to new research.

The government has decided to put on the back burner any change to the auto-enrolment charge cap and will keep it at 0.75%.

South West Chartered Financail Planners Francis Clark Financial Planning is supporting the Money Advice Service-backed Financial Capability Week this week to encourage more people to seek financial advice and ‘Talk Money.’

The Association of British Insurers (ABI) is urging firms to create a “vulnerability policy” by January for clients who may be at risk of poor financial outcomes due to age or other factors such as low literacy skills.

The CISI has renewed its campaign to force the FCA to scrap its abolition of the Approved Person’s Register, warning of the impact on consumers.

A proposal by the FCA to ban the offering or acceptance of inducements in the financial services profession could end up hurting consumers, the Chartered Institute for Securities & Investment (CISI) has warned.

AFH Financial Group, the rapidly growing Financial Planning business, has raised £17.5m through a share placing today, £2.5m more than it planned due to support from the markets.

Fund manager Legal & General Investment Management has entered the Exchange Traded Fund (ETF) market by acquiring Canvas, the Ucits ETF platform owned by ETF Securities.

Old Mutual Wealth, the South African-owned provider going through a major restructuring, plans to rebrand as Quilter next year in a move that will mean its adviser network Intrinsic rebranding as Quilter Financial Planning.

The Consumer Prices Index (CPI) 12-month rate was 3% in October, the same as September after rising from 2.6% in July to 2.9% in August, mainly due to rises in clothing and motor fuel costs.