The Personal Finance Society has welcomed the FCA’s adviser sector study published yesterday showing rising financial adviser numbers but warned there are still too few advisers to meet demand and soaring PI insurance costs are hitting the profession.

More than 250 Financial Planners and wealth managers have backed a campaign group called Financial Planners United set up to help smaller firms fight soaring regulatory costs.

Independent investment researchers Fitz Partners say the Ongoing Charge Figures (OCF) for typical index trackers have fallen by 27% since 2016.

The CPI rate of inflation fell from 1.5 % in November to 1.3% in December, ONS reported today.