The Prudential Regulation Authority has fined former TSB Bank plc chief information officer Carlos Abarca £81,629 for his part in IT failings which hit 5.2m TSB customers. 

Investment, protection and retirement provider LV= is to replace Columbia Threadneedle Investments with BlackRock as its primary asset manager.

The UK economy saw zero growth in February following a surprise 0.4% jump in GDP growth in January, according to the latest figures from the Office for National Statistics (ONS).

Wealth manager St James’s Place (SJP) has appointed Justin Onuekwusi as its chief investment officer.

Wealth manager and Financial Planner Brooks Macdonald has reported an eighth successive quarter of positive net flows for the quarter ended 31 March.

The Chancellor has appointed Dax Harkins as the new chief executive of Government-backed savings provider NS&I.

A legal challenge against the Financial Conduct Authority’s decision to set up a redress scheme for former British Steel Pension Scheme (BSPS) members has been scrapped.

West Country Financial Planning firm Old Mill has handed £50,000 to local good causes through its charitable fund which has awarded 40 grants and supported more than 4,000 people across Somerset, Devon and Wiltshire in three years.

People who switch from full-time to working part-time three days a week face a pension penalty of up to £119,000, according to new research.

The North East is the cheapest place to be a pensioner with over-65s needing an annual income of £14,782 to cover spending, according to a new survey.