CPI inflation, the main measure of inflation, dropped sharply in February to 3.4% from 4% in January, ONS said today.

The Financial Conduct Authority has today written to the chief executives of financial advice firms asking them to review their retirement income advice processes. 

More than £50bn in pensions are at risk of being lost as workers change jobs more often and lose track of their pensions, according to new research from the Centre for Economics and Business Research.

A fifth of over 50s rely on DB pensions to provide almost half of their retirement income but the numbers are set to fall, according to Standard Life’s Retirement Income Almanac.

South West-based accountancy firm Albert Goodman has appointed Matthew Potter as Financial Planning consultant.

Wealth and investment manager Quilter has introduced some changes to its platform, including a new pension top-up service which will let clients make lump sum top-ups into an existing collective retirement account.

The FCA has set out its business plan for 2024/25, promising to continue to focus on preventing serious harm to consumers, setting higher standards and promoting competition.

Wealth manager and Financial Planning firm Saltus has appointed former Hiscox chief executive Bronek Masojada as chairman to support the firm’s growth agenda.

Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, has reported a 0.3% rise in revenue to £56.6m for the year ending in December, compared to £56.4m in 2022.

Brooks Macdonald senior director Stewart Sanderson has been appointed chief executive of Irwin Mitchell’s Financial Planning business IM Asset Management Limited.