Wealth manager Charles Stanley has expanded its distribution team with a new hire from Scottish Widows.

John Govett has resigned as chief executive of the new Money and Pensions Service, the government-backed single financial guidance agency, two months after it was officially launched.

Tenet has secured a preferential deal with Dynamic Planner for all appointed representatives and clients of its TenetSelect arm.

The chief executive of Hargreaves Lansdown has apologised to clients hit by the suspension of the Woodford Equity Income Fund.

The cost of reversing the increase in state pension ages could top £200bn, SIPP and platform provider AJ Bell has warned as the result of a High Court case is awaited.

Work and Pensions Secretary Amber Rudd has backed Foreign Secretary Jeremy Hunt to become the next Conservative leader and Prime Minister.

Clifton Asset Management has acquired Plan For Life Wealth Management, the first in a series of “targeted acquisitions”.

The FCA is to host a series of events for British Steel Pension Scheme Members (BSPS).

The Pensions Regulator has revealed 39 firms have applied for master trust authorisation.

Adviser network Openwork’s asset manager Omnis Investments is to replace Woodford Investment Management as manager of its £330m Omnis Income & Growth Fund.