Adviser trade association PIMFA has signed a partnership deal to offer cash savings platform Insignis to members.

Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.

A survey by fund manager Legg Mason has found that a third of wealth managers (32%) say they are holding more cash across clients’ portfolios to protect against a market correction.

NS&I has today said it is increasing interest rates across its variable rate product range, including Premium Bonds, from 1 December.