CPI inflation unexpectedly spiked upwards last month to 2.3% from a low of 1.7% the previous month, ONS reported today.

Lower fuel and transport costs helped cut CPI inflation in the 12 months to September to 1.7% from 2.2% in August.

The Financial Services Compensation Scheme (FSCS) - the industry’s consumer compensation safety-net - has declared six firms in default over the past two months.

Fidelity International has launched a blue transition fixed income fund which aims for capital growth while improving the world’s water.

The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.

Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.

More than 3,800 young people have benefited from insurance and Financial Planning virtual work experience programme during the first year of its operation.

One in nine (12%) of UK adults have admitted to losing money to a financial scam in the last year.

Integrafin, the parent company of adviser platform Transact, has reported record funds under direction on the platform of £64.1bn for the three months to the end of September.

Chartered Financial Planning firm Attivo has appointed Jo French as its chief executive, as the company said it looks to continue its growth trajectory.