Jelf Group has reported an 8% increase in revenues for its wealth management arm in the six months to 31 March, despite reducing its adviser workforce during a "challenging" economic climate.

The consumer price index (CPI) of inflation eased in May to 3.4%, down from 3.7% in April, according to the Office for National Statistics (ONS).

BP shares continued to fall both sides of the Atlantic on Monday after the oil giant said the cost of the Gulf of Mexico spill had risen to £1bn and US President Barack Obama compared the environmental disaster to the 9/11 terrorist attacks.

The Cautious Managed and Balanced Managed sectors gained momentum on Cofunds during May as advisers look increasingly to diversified sectors.

Consolidator Succession Advisory Services (Succession) has joined industry body Tisa as a member firm.

National IFA Moneygate has acquired Buckinghamshire-based Beacon Asset Management as its expansion drive gathers pace.

The newly-formed Office for Budget Responsibility (OBR) has downgraded the UK's economic growth projections for next year.

People should be able to access pensions before retirement, says the Centre for Policy Studies, as part of a raft of proposals to reform the UK savings system.

FSA managing director of risk, Sally Dewar, is set to leave the regulator next year, the FSA announced today.

Former UBS and Barclays man Peter Hall this week took over from John Spiers as Bestinvest chief executive.