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Inflation remains at 3.8% in August


By Dan McGrath

UK inflation increased by 3.8% in the 12 months to August, the Office for National Statistics (ONS) has revealed.

The latest figure is unchanged from July, following consecutive increases in consumer price index (CPI) inflation from May


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UK house price growth slows to 2.8% in July – ONS

Annual UK house price growth slowed to 2.8% in the year to July, according to the latest UK House Price Index published by the Office for National Statistics (ONS)

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Third of UK adults relying on inheritance to fund retirement

Around one in three people (32%) believe they will need an inheritance to have enough income to live on in retirement, new research from Hargreaves Lansdown has shown.

A study by the investment platform revealed that 44% of respondents said they wouldn’t need an inheritance, while 24% said they were unsure

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Govt has failed to act on lifetime ISA recommendations – Treasury Committee

The Government has failed to set out a plan for reforming the lifetime ISA (LISA), according to the Treasury Select Committee

Becketts acquires Swallow Financial Planning

Beckett Investment Management has acquired Swallow Financial Planning, a chartered financial planning firm based in Ipswich, for an undisclosed amount

Phoebus Software partners with Aston University to develop AI tools

Phoebus Software has launched a new partnership with Aston University to develop a suite of generative AI-powered tools for banks, building societies and lenders to service mortgage and savings accounts.
‘Fear of rejection’ biggest barrier for one in three aspiring buyers

Over one third (35%) of aspiring homebuyers have said that the fear of being rejected is the biggest barrier to applying for a mortgage, according to new research from LendInvest Mortgages

One Mortgage System partners with Bath Building Society

One Mortgage System (OMS) has announced a new partnership with Bath Building Society

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IHT receipts jump 8% year-on-year in July

Inheritance tax (IHT) receipts totalled £3.06bn in the four months to July, increasing by 8% year-on-year, HMRC has revealed

London and South East pays more IHT than Scotland, Wales and Northern Ireland combined

Financial estates in London and the South East paid almost three times more inheritance tax (IHT) than Scotland, Wales and Northern Ireland combined across the same tax year, new regional HMRC has data shown

IHT changes will ‘create confusion’ in Bank of Mum and Dad gifting – Key

Inheritance tax (IHT) receipts on unused pension funds are set to "create confusion and increase the risk of gifting mistakes" for the Bank of Mum and Dad, Key Advice has warned

Financial advisers and accountants report rise in clients struggling to pay tax bills

Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills, new research from Premium Credit has indicated

FCA consults on unlimited contactless card payments

Contactless card payments could soon exceed £100 and potentially become unlimited under new proposals from the Financial Conduct Authority (FCA)

Govt introduces new laws for failing to prevent fraud

New measures to tackle fraud, including the new corporate criminal offence of failing to prevent fraud, have come into effect today

PIMFA calls on FCA for more clarity in ‘targeted support’ proposals

PIMFA has welcomed the “targeted support” proposals from the Financial Conduct Authority (FCA) but also called on the regulator for clarity in key areas

Fleet Mortgages publishes Renters’ Right Bill Guide

Fleet Mortgages has launched a new guide for advisers and landlords, ahead of the introduction of the Renters’ Rights Bill

70% of IFAs have confident outlook for next 12 months

Seven in 10 (70%) independent financial advisers (IFAs) are positive about their business outlook for the next 12 months, new research by ValidPath has indicated

Third of UK adults relying on inheritance to fund retirement

Around one in three people (32%) believe they will need an inheritance to have enough income to live on in retirement, new research from Hargreaves Lansdown has shown. A study by the investment platform revealed that 44% of respondents said they wouldn’t need an inheritance, while 24% said they were unsure

Retirees reducing gifting ‘raises questions’ about future of intergenerational wealth transfer

The rising number of UK retirees reducing the financial support they provide to younger generations raises “serious questions” about the future of intergenerational wealth transfer, Quilter has stated

Govt has failed to act on lifetime ISA recommendations – Treasury Committee

The Government has failed to set out a plan for reforming the lifetime ISA (LISA), according to the Treasury Select Committee

Just Group completes £23m pension buy-in

Just Group has completed a £23m buy-in with the Welcome Break Pension Plan scheme

Pension fraud costs savers £17.7m in 2024

Data from Action Fraud has revealed that £17,657,249 in pension savings was lost to fraud in 2024, with individuals losing an average of £33,848 each

Pandrol Group Pension Scheme secures £45m buy-in with Royal London

The Pandrol Group Pension Scheme has secured a £45m buy-in with Royal London, covering around 200 scheme members

Petition calling to stop Govt’s IHT pension change reaches 10,000 signatures

A petition calling to stop inheritance tax (IHT) coming under the scope of pension pots has passed 10,000 signatures within a month

Inflation remains at 3.8% in August

UK inflation increased by 3.8% in the 12 months to August, the Office for National Statistics (ONS) has revealed. The latest figure is unchanged from July, following consecutive increases in consumer price index (CPI) inflation from May

Becketts acquires Swallow Financial Planning

Beckett Investment Management has acquired Swallow Financial Planning, a chartered financial planning firm based in Ipswich, for an undisclosed amount

Tavistock acquires Lifetime Financial Management

Tavistock Investments has completed the acquisition of Lifetime Financial Management Intermediaries for an undisclosed amount

AAB Wealth continues expansion with acquisition of Integrity Financial Management

Financial planning firm AAB Wealth has announced the acquisition of Integrity Financial Management and the consolidation of previous acquisitions under its brand

Phoebus Software partners with Aston University to develop AI tools

Phoebus Software has launched a new partnership with Aston University to develop a suite of generative AI-powered tools for banks, building societies and lenders to service mortgage and savings accounts.

Financial institutions plan further AI investment amid improved productivity

More than half (51%) of financial institutions plan to increase their investment in artificial intelligence (AI) over the next 12 months, as attitudes towards the technology shift amid improved productivity, research from Lloyds Banking Group has found

MorganAsh and PayPlan deliver ‘successful’ partnership results

PayPlan has announced a partnership with support services provider, MorganAsh

Majority of consumers prefer human financial advice compared to AI

Almost three quarters (74%) of British consumers prefer to receive financial advice from human advisers rather than using artificial intelligence (AI), Unbiased has found

News in brief - 17 September 2025

Today's round up of developments coming out of the consumer finance space, featuring Fleet Mortgages, United Trust Bank and Hinckley & Rugby for Intermediaries

Simplify Consulting launches additional practices

Financial services management consultancy Simplify Consulting is expanding into new sectors, building on its existing wealth management practice

BDLA adds Chetwood Bank as associate member

Chetwood Bank has joined the Bridging & Development Lenders Association (BDLA) as an associate member

News in brief – 15 September 2025

Today's round up of developments coming out of the consumer finance space, featuring Foundation Home Loans, Afin bank, and Selina Finance

Lending with a difference: A conversation with Family Building Society’s Nathan Waller

With demand growing for more flexible mortgage solutions, Family Building Society is carving out a strong reputation in later life, family-assisted, and buy to let lending. We speak to Nathan Waller, Business Development Manager at Family Building Society, to discuss how they’re supporting brokers, addressing complex borrower needs, and adapting to an evolving market.

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

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The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

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