The number of cash ISAs increased 11% to 7.9m in the 2022/23 tax year but the number of Stocks and Shares ISAs fell, according to latest figures from HMRC.

Investment trusts can choose to opt out of the requirements of PRIIPs Regulation and associated technical standards until new legislation comes into force, the FCA said in a statement today.

Fund manager Schroders has launched the UK’s first long-term asset fund (LTAF) dedicated to UK venture capital investing.

Operating income rose 1% to £944.2m for merchant bank and investment provider Close Brothers for the year ending 31 July.

Close Brothers Group has sold its Close Brothers Asset Management (CBAM) wealth management arm to private equity firm Oaktree Capital Management for £200m.

Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

Fintech and investment provider Timeline has partnered with The Pension Lab to offer a digital solution to automate and streamline the Letter of Authorisation (LOA) process for advisers.

Nearly three in 10 (28%) of over-60s with over £200,000 in investable assets or household income have failed to ring-fence money to fund later life care they may need, a new report says.

The top fixed savings rates have seen significant falls over the past month, according to a new report.

CPI inflation remained at 2.2% in August, unchanged from the previous month.