Investors in the Woodford Equity Income Fund are to receive redress nearly four years after the fund’s suspension.

The government was right to raise state pensions in line with inflation this year after it “abandoned” pensioners in 2022, former pensions minister Baroness Ros Altmann has said.

The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.

On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.

On the go: The rate of inflation dropped slightly in December as the price of fuel and clothing eased. However, concerns are growing that wage rises are embedding inflation into the economy.

On the go: David Fairs is leaving his role as executive director of regulatory policy, analysis and advice at the Pensions Regulator in March this year.

On the go: The Pensions Ombudsman, the chief executive of NatWest, and the former chair of the Investment Association are among those who have been given awards in the King’s New Year honours list.

On the go: The Bank of England has raised interest rates by 0.5 percentage points.

On the go: The rate of inflation dropped slightly to 10.7 per cent in November, driven by a decrease in the price of fuels and secondhand cars

On the go: The Bank of England has raised interest rates to 3 per cent, its highest rise since 1989.