The Bank of England's Monetary Policy Committee (MPC) has voted 8-1 to hold the base rate at 5% in a widely expected decision.

The Bank of England's Monetary Policy Committee (MPC) has voted 5-4 to cut the bank base rate by 0.25 percentage points (0.25%) to 5% - the first cut in over four years.

Net new business for the wealth management arm of asset manager Schroders grew by 7% (£3.7bn) over the six months ended 30 June.

Almost two in three (64%) of current Premium Bond holders have never won a prize, according to new analysis.

One in five under-40s will be dragged into paying higher or additional rate tax by the 2027/28 tax year as a result of frozen income tax thresholds, according to a new report.

Wealth manager and professional services provider Evelyn Partners is to acquire three offices and 150 staff from Northern accountancy firm Haines Watts.

The FCA has confirmed its Annual Funding Requirement (AFR) and regulated firm fees for 2024/25, with fee increases ranging from less than 1% to over 1,000%.

The FCA has today imposed stringent restrictions on London-based wealth manager London Stone Securities Limited after concerns the firm was charging clients ‘excessive fees’ sometimes exceeding 65% of portfolio value.

Sheldon Mills, executive director of consumers and competition at the FCA, has claimed that Consumer Duty has been a great success in a speech at an event celebrating the Duty’s anniversary.

Brad Ainsworth from Chichester-based Cathedral Wealth Management has been presented with a British Citizens Award, Medal of Honour, for services to volunteering and charitable giving.