Zurich has announced a platform price cut from January, reducing the platform fee by more than half for assets above £500,000 from 0.22% to 0.10%.

Inflation, as measured by the Consumer Prices Index, rose from 3% in October to 3.1% in November although falling prices for products such as travel goods and financial services prevented a bigger rise.

Openwork, the advisory network with 3,500 advisers, has unveiled a programme which will support firms to ‘upskill’ mortgage advisers to become qualified wealth advisers, offering holistic Financial Planning.

Openwork Group’s adviser headcount now stands at 3,521, up from 3,008 this time last year, says the company, representing growth of 17%.