UK savers and investors’ priorities are shifting from using finances to enjoy life to ‘just getting by’ due to the cost-of-living crisis gripping the nation, according to a new report.

A new consumer finance survey carried out this month suggests that 32% of people have cut back on saving due to the cost of living crisis.

Financial Planners have nothing to fear from the Financial Conduct Authority’s (FCA) new Consumer Duty rules, according to providers.

Research of the adviser market has shown a sharp rise in the number using income drawdown modelling tools, with over half (51%) using the tools compared to 38% last year.