The North-South wealth divide is being exacerbated by fewer northerners having a financial plan in place, according to a new report.

Adviser platform Transact has reported a record £7.7bn of gross inflows for the year ending 30 September.

The Chartered Insurance Institute has reinstated its funding for local institutes for 2022.  

GAM International Management Limited (GIML) has been fined £9.1m by the Financial Conduct Authority after an investigation into conflicts of interest.

The Bank of England has increased its base rate from 0.1% to 0.25% today, the first rise in rates for three years. 

The Financial Ombudsman Service is planning to increase its budget by £44m to £283.8m in 2022/23 to cope with an expected increase in more complex cases.

The Government is consulting on proposals to bring forward the rise in the State Pension Age to 68 from 2044 to 2037 resulting in millions being forced to wait longer for the state pension.

The Consumer Prices Index (CPI) hit 5.1% in November, the highest rate in over 10 years.

Canaccord Genuity Wealth Management UK (CGWM UK) has agreed to acquire Punter Southall Wealth from Punter Southall Group in a £164m deal.

The cost to the Government of Pensions Tax Relief rose to an estimated £42.7bn in 2020/21 - up £11bn in four years.