The Bank of England announced today that it was holding its base rate at 0.5 per cent for the 28th consecutive month.

Sipp company AJ Bell has announced a new investment Isa and dealing account on its Sippcentre platform.

Lloyds Banking Group has outlined plans to become the primary wealth adviser in the UK.

Advisory service Bluefin has closed down its Newcastle wealth management offices.

HSBC is to cut 460 financial planning managers from its staff due to the expected outcomes of the RDR.

The first payments have begun for Equitable Life policyholders today as part of a three year programme of compensation.

Capita Financial Software is developing an “on-off” platform comparison service as part of its Synaptic Comparator tool.

The number of complaints by third parties to the Financial Ombudsman Service has risen to half.

Over three quarters of employers do not know how much it will cost to implement auto-enrolment, according to pension and benefits consultants Hymans Robertson.

Ascentric has announced it has been operating as a profitable platform for the last two months.