Transact chief executive Ian Taylor is to step down as CEO in March after 20 years with the group and will be replaced by two new CEOs.

Platform Transact is to trim annual and buy commission charges in the spring as platform competition intensifies.

The Consumer Prices Index (CPI) remained at 1.5% in November - a three year low - despite some experts predicting a fall to 1.4%.

The FCA has confirmed details of the second fine on a CMC company this week, this time for copying client signatures.

Guy Opperman MP has retained his role as Pensions Minister in the new government under Prime Minister Boris Johnson, the DWP has confirmed.

Dean Mirfin, the well known chief product officer at equity release specialist Key Group, is to leave his executive position with the company to pursue other opportunities, the company said today.

A new Financial Services Bill and a ‘refined’ Pension Schemes Bill will be introduced by the Government as part of a 30-bill programme announced in the Queen’s Speech today.

The Bank of England’s Monetary Policy Committee has voted by a majority of 7-2 to maintain the base rate at 0.75%, the bank said today.

Nutmeg, one of the best-known robo-advisers, has promoted chief financial and operating officer Neil Alexander to replace chief executive Martin Stead who is leaving early in 2020 to move overseas.

Fintech firm Altus this week claimed the first ‘fully electronic’ pension transfer had been carried out in five days.