More than one in four over-55s (26%) believe they will still be working past 70 due to the cost of living crisis, according to a new survey.

Wealth manager and SIPP provider Mattioli Woods has today reported a sharp rise in pre-tax profits by 45% to £4.8m in its interim results for the six months ended 30 November.

Pension savers from the ethnic minorities are far less likely than white Britons to save into a pension scheme.

SIPP provider and wealth manager Mattioli Woods - and its sister fund management company Amati Global Investors - have donated nearly £170,000 to charities across the country.

The Bank of England has increased its base rate by 50 basis points from 3.5% to 4% - its highest rate since October 2008.