The average minimum investable amount set by advisers for their clients is almost £50,000, according to a poll of more than 200 practitioners.

We're mid-way through the half-term break and, if you're running out of ways to entertain the little ones, here are some Your Money tips to make the break a little less financially frightful.

Most over-45s are "wildly optimistic" by expecting to retire with almost half a million pounds in assets excluding their homes, says a report.

CIPs

The Financial Conduct Authority (FCA) has fined co-operative banking group Rabobank £105m for seeking to manipulate LIBOR rates.

The SimplyBiz Group has acquired legal consultancy and business support services provider 360 Legal Group.

Lloyds Banking Group has made a further £750m provision for expected claims against its sales of payment protection insurance (PPI), taking its total commitment beyond £8bn.

At Retirement Choices (ARC), the investment platform soft launched two years ago by provider Aegon, has gained more than £1bn assets under management.

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