Investment platform and SIPP provider AJ Bell has appointed its deputy CEO Michael Summersgill to succeed founder Andy Bell as CEO from 1 October, subject to regulatory approval. 

The Chartered Institute for Securities & Investment - the professional body for Certified Financial Planners and other finance professionals - has appointed Tracy Vegro, a director at the Solicitors’ Regulation Authority, as its new chief executive.

The FCA and PRA have dropped plans to ban and fine a former CEO - accused of paying his wife excessive sums to avoid tax - following a damning Upper Tribunal judgment.

FCA CEO Nikhil Rathi has defended the pay packages of staff - some of whom went on strike this week - as “possibly the best package” among UK regulators.