Rising food and transport prices pushed up CPI inflation unexpectedly in June to 3.6%, from 3.4% in May.

The Financial Conduct Authority has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42m for major failings in their financial crime risk management including one relating to collapsed wealth manager WealthTek and one relating to Stunt & Co. 

Chancellor Rachel Reeves has said that the impact of the Consumer Duty, introduced by the FCA in 2023, is “under review.”

Chancellor Rachel Reeves has announced a raft of financial services reforms in her Mansion House speech this evening to boost economic growth and shake up the retail investment market.

The FCA and Financial Ombudsman Service are to ‘modernise the financial redress system’ to closer align their complaint processes.

The FCA and PRA have proposed changes to the Senior Manager Certification Regime (SMCR) ahead of expected legislative changes to the requirements.

The Government will continue to look into reforming ISAs to drive higher levels of investing in the economy, according to Chancellor Rachel Reeves.

The average financial advice firm has onboarded 13 new clients each week this year, up from 6 in 2024 and a rise of 116%, according to a new report.

Men have double the pension savings of women, with an average pension pot of £92,000 compared to £39,000 for women.

Pension and investment provider Aegon has launched a Junior SIPP to help advisers with intergenerational planning.