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Overall savings product choice continues to beat records


By Dan McGrath

Overall product choice in the savings market has continued to beat all-time high, increasing to 2,642 deals including ISAs in September, Moneyfacts has revealed.

The firm’s latest UK Savings Trends Treasury Report found that excluding ISAs, product count rose to 1,894, which is the highest number of non-ISA products on record


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7IM claims record growth with highest platform AUM growth in Q2

Wealth management firm 7IM reported an 18% increase in assets under management (AUM) during the second quarter, recording what it said was the strongest growth among advised platforms

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GDP grows by 0.4% in July

UK gross domestic product (GDP) increased by 0.4% in the three months to July, the Office for National Statistics (ONS) has revealed

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Restore Britain unveils plan to abolish FCA/PRA in their current form

Restore Britain has unveiled a plan to abolish the FCA and the PRA in their current form

Rental arrears reach all-time low

The proportion of landlords experiencing rental arrears has fallen to an all-time low, as 26% reported arrears in the last year, Pegasus Insight has found.

The firm’s latest Landlord Trends research showed that the latest data completes a sustained six-year decline from the 42% recorded at the peak of 2020

Pure Retirement

Over six million face uncertainty over paying rent or mortgages in retirement

More than six million people who expect to have housing costs in retirement do not know how they will afford them, according to new research from Royal London
Shackleton to add £800m in AUMA with AC Wealth acquisition

Shackleton Advisers has agreed to acquire Scotland-based independent financial advice firm Aberdein Considine Wealth Limited, trading as AC Wealth

Pure Retirement

Raindrop reunites savers with £2bn in lost pensions

Raindrop has said that since the launch of its pension-finding technology in 2020, it has recovered 230,000 lost or dormant pension pots for UK savers, valued at over £2bn

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Savers facing £10k-plus tax bills rise by 289%

An estimated 109,000 people will owe more than £10,000 in tax on their savings income in 2026-27, up from 28,000 in 2022-23, according to freedom of information data obtained by Paragon Bank

Advisers state evidencing tax wrappers 'takes more effort' in current environment

Over four in five advisers (85%) and paraplanners (83%) find evidencing tax wrapper decisions takes more effort in the current environment, AJ Bell has found

HMRC sets out pension/IHT information-sharing and payment processes

HMRC has published further detail on how pension schemes, personal representatives and beneficiaries will be expected to manage inheritance tax (IHT) on pension death benefits from 6 April 2027, including new information-sharing, withholding and direct-payment requirements

Record capital gains and CGT in 2024/25 tax year

A record £127bn in capital gains was reported in the 2024/25 tax year, up 82% year on year, while capital gains tax (CGT) liabilities rose 89% to £24.2bn, according to new figures from HMRC

Restore Britain unveils plan to abolish FCA/PRA in their current form

Restore Britain has unveiled a plan to abolish the FCA and the PRA in their current form

More than one in 20 financial services complaints take over eight weeks to resolve

More than a fifth of complaints made to financial services firms take at least eight weeks to resolve, according to analysis by Huntswood of the latest FCA complaints data

FCA secures majority of victims’ money back from convicted fraudster

Victims of convicted fraudster, John Burford, are set to recover most of the money they invested after the FCA obtained a confiscation order against him

FCA decides to ban father and son following fraud and misuse of client money

The FCA has decided to ban a father and son from UK financial services after the High Court found that they had engaged in fraud and misused client money

Two thirds of top easy access cash ISAs have ‘strings attached’

Only 33 of the top 100 easy access cash ISAs are classed as "clean", Spring has stated, as they come with no short-term bonus rates, withdrawal limits or other restrictions

One in five UK adults has no financial safety net

Financial anxiety is rising steeply across the UK, with one in five adults having no financial safety net and growing concern over investment, pension, mortgage and borrowing decisions, new research from Handelsbanken Wealth has warned. A third of UK adults (33%) now feel apprehensive about making investment decisions themselves, up from 26% last year, while concern around pensions has also risen from 19% to 26%

ISA changes could result in £3.6k loss in interest

Replacing monthly payments on a first-time buyer (FTB) ISA with a single pay out could see savers lose out on around £3,606 when purchasing their first home, Moneybox has revealed

Savings accounts triggering tax liability soar 1,047%

The number of UK savings accounts earning enough interest to potentially trigger a tax bill has risen by 1,047% since 2018, an 11-fold increase as higher interest rates and frozen tax thresholds pull millions more savers into the tax net, according to analysis of CACI data by Yorkshire Building Society

Raindrop reunites savers with £2bn in lost pensions

Raindrop has said that since the launch of its pension-finding technology in 2020, it has recovered 230,000 lost or dormant pension pots for UK savers, valued at over £2bn

Rental arrears reach all-time low

The proportion of landlords experiencing rental arrears has fallen to an all-time low, as 26% reported arrears in the last year, Pegasus Insight has found. The firm’s latest Landlord Trends research showed that the latest data completes a sustained six-year decline from the 42% recorded at the peak of 2020

Former directors jailed over £70m pension investment fraud

Three former directors of Ethical Forestry Limited have been sentenced to prison for their roles in a £70m pension investment fraud scheme, the Serious Fraud Office (SFO) has announced

DB scheme agrees £40m 'Small Schemes Offering' superfund transfer to Clara Pensions

An unnamed defined benefit (DB) pension scheme has agreed to join Clara Pensions through its 'Small Schemes Offering', which will transfer more than 400 members and approximately £40m of assets into the Clara Pension Trust

Overall savings product choice continues to beat records

Overall product choice in the savings market has continued to beat all-time high, increasing to 2,642 deals including ISAs in September, Moneyfacts has revealed. The firm’s latest UK Savings Trends Treasury Report found that excluding ISAs, product count rose to 1,894, which is the highest number of non-ISA products on record

UK savers could miss out on £2trn by keeping money in cash

Savers in the UK could miss out on hundreds of billions of pounds in combined returns, totalling as much as £2trn by one measure, over the next decade by keeping their money in low-interest bank accounts, according to new analysis by Murphy Wealth

Shackleton Advisers acquires Argentis Group

Shackleton Advisers has acquired Argentis Group, formerly known as the Hurst Point Group, after receiving regulatory approval from the Financial Conduct Authority (FCA)

63% of consumers fear Burnham policies could leave households worse off

Nearly two-thirds of UK consumers fear the Government’s recently announced policies could ultimately leave their households worse off, while confidence that the plans can be delivered without higher personal taxes remains low, a new study has revealed

Almost half of Gen Z say AI has changed their mind about a decision

Almost half of Gen Z adults say AI has influenced a decision they made, and a majority trust the technology, with AI playing a growing role in shaping personal and financial choices, according to research commissioned by Aegon

Financial services businesses risk ‘AI invisibility’ by ignoring reviews

The financial services sector is facing a "critical strategy-action gap" that puts many firms at risk of losing market share because they are becoming invisible in the AI answers consumers are using to make decisions, TrustPilot has stated

Bridging lenders told to embrace electronic signatures

Loans Warehouse has called on bridging lenders to embrace using electronic signatures, following a decade of investment in better technology, streamlined underwriting and faster decision-making

AI use among financial advisers rises by 31 percentage points in a year

The proportion of UK financial advisers using artificial intelligence (AI) has increased by 31 percentage points over the past year, analysis from Intelliflo has revealed

GDP grows by 0.4% in July

UK gross domestic product (GDP) increased by 0.4% in the three months to July, the Office for National Statistics (ONS) has revealed

News in brief - 10 September 2026

Today's round up of developments coming out of the consumer finance space, featuring Atom bank, Nivo, Landbay and conveybuddy

7IM claims record growth with highest platform AUM growth in Q2

Wealth management firm 7IM reported an 18% increase in assets under management (AUM) during the second quarter, recording what it said was the strongest growth among advised platforms

Shackleton to add £800m in AUMA with AC Wealth acquisition

Shackleton Advisers has agreed to acquire Scotland-based independent financial advice firm Aberdein Considine Wealth Limited, trading as AC Wealth

BLOG: Royal London Equity Release: How high-net-worth individuals could benefit from releasing equity with the exclusive Premier product offering

In February 2026, we were recognised at the MoneyAge Mortgage Awards, taking home the title of ‘Later Life Lender of the Year’, with judges highlighting our rapid distribution growth, extensive adviser engagement and meaningful product enhancements. As an equity release provider, our approach is rooted in a holistic view of retirement, aiming to provide good customer outcomes with backing from the UK’s largest mutual life, pensions and investment company* – but what can we offer you and your clients?

BLOG: Are added-value services the key to engaging clients in protection?

Scottish Widows Protection Director, Rose St Louis, discusses how reframing protection conversations can help to engage clients

BLOG: Award-winning lending, built brick by brick

Saffron for Intermediaries discusses its latest lending offering on the MoneyAge blog

BLOG: Doing Good is Good Business

MoneyAge Awards winner Bespoke Advice discusses the key fundamentals of good financial planning in our latest blog piece

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Funding home adaptations: The changing needs in later life planning

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Delivering A Consumer-Focused Later Life Lending Sector for 2026 and Beyond

Later Life Lending: It’s more than just equity release or retirement interest only (RIO)

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