Wealth manager Brooks Macdonald has completed major organisational changes, cutting full year costs by about £4m, according to a trading update today.

The 12 month rate of CPI inflation increased by a surprise 0.1% in December to 4% despite experts predicting a fall to 3.8%.

The World Economic Foundation has projected that average retirement ages in OECD countries, including the UK, will need to increase by an estimated 8.4 years by 2050 to maintain the current balance between working-age and non-working-age populations.

The FCA has named former Investment Association CEO Daniel Godfrey as the first chair of its new sustainable finance adviser group.

Retirement resilience has dipped and is expected to fall further during 2024 as house prices continue to fall and asset values fail to rise in line with inflation.

Almost two-thirds of Britons expect the UK to enter a recession this year, with just a fifth confident that one will be avoided.

Integrafin, the parent company of adviser platform Transact, has reported advised client numbers rose to a record 231,000 in the three months to the end of December.

The London Institute of Banking & Finance has revamped its Level 4 Diploma for Financial Advisers (DipFA) and scrapped the requirement for a final exam.

The amount of inheritance tax paid on gifts has climbed more than 153% since 2011 to £256m in the 2020-21 tax year, according to an HM Revenue & Customs response to an Freedom of Information (FOI) request.

Sussex and South East accountancy firm and Financial Planners Carpenter Box has merged its south coast operations with Jones Avens accountants.