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Lighthouse Financial Advice has agreed a three-year contract extension to provide advice services to the 17,000 members of the Association of School and College Leaders (ASCL).

The Financial Services Authority (FSA) has underlined the importance of advisory firms carrying our cost comparisons when undertaking replacement business.

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THE PROFESSIONALS

Attractive commission options on offer from some providers ahead of the Retail Distribution Review (RDR) contributed to Standard Life's fall in gross inflows to its new-style propositions, its UK chief executive has said.

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.