Britons are saving £87 each month, down from £100 last spring, and almost a quarter (23 per cent) are saving nothing each month, a rise from 17 per cent last spring.
Higher rate taxpayers - the main client base of many Financial Planners - who have failed to submit tax returns are being offered the opportunity to come forward and pay up under a time-limited HM Revenue & Customs (HMRC) campaign.
Launched two weeks ago, the British Pension Survey, a landmark project aiming to reveal the contemporary financial challenges Britons face in retirement, is already producing surprising and alarming results, say organisers.
The IMA has welcome the requirement for UCITS funds to provide a Key Investor Information Document (KIID) to investors as of yesterday (1 July), replacing the Simplified Prospectus.
The Financial Services Authority has announced that it has found serious failings in the sale of interest rate hedging products to small and medium sized businesses.
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