In total £535m has now been repaid to investors who were overtaxed on pension freedoms withdrawals since April 2015.

A new report has revealed the best countries in Europe for retirees.

Standard Life Aberdeen’s is set to introduce a new parent leave policy from 1 January, which will give all parents 52 weeks leave with 40 weeks paid in full, regardless of gender.

Former Work and Pensions Secretary Amber Rudd and Nicky Morgan, who recently chaired the House of Commons Treasury Select Committee, are to stand down and not contest their seats in the upcoming General Election.

The FCA has issued a warning over a New York-based advice firm, which, it says, is operating in the UK without authorisation.

The Financial Planning Standards Board Ltd (FPSB), the global body for Certified Financial Planner certification, has appointed UK compliance consultant and lawyer Adam Samuel as one of two new directors.

Wealth manager and Financial Planner Brewin Dolphin has completed the takeover of the wealth arm of Investec Group in the Republic of Ireland for just under £40m net.

Tracey Davidson has been appointed chairman of investment manager Heartwood from today and will also assume the new role of deputy CEO of Handelsbanken, Heartwood’s parent company.

The independent Financial Services Consumer Panel, which advises the FCA, has announced three new members.

Acquisitive Financial Planning-led wealth manager AFH has bought the client book of Midlands IFA firm Groom Associatates in a deal worth up to £615,000.