Financial consultancy the lang cat is providing free updates on how platforms are responding to Covid-19 and MiFID 10% drop reporting.

Ian Mattioli, chief executive of wealth management and SIPPs business Mattioli Woods, has waived his salary until at least 30 June and board directors have reduced their fees to 50%.

National pensions and financial advice firm LEBC has urged the Treasury to relax the deadline for savers to make ISA and pension contributions by two weeks.

The City-based adviser platform Transact says all its staff have moved to home working and it has asked users for patience as it deals with a high volume of calls.