Investment provider Hargreaves Lansdown has warned that its FSCS levy could nearly double in the coming year from £6.8m to £13m.

The STAR initiative, the cross-industry group aiming to improve the transfer of pension and investment assets between providers, is to seek a new chairman following the decision by its chairman Tom McPhail of Hargreaves Lansdown to leave the industry.

The Pensions Policy Institute has warned that a Government change to the inflation measure could cut lifetime pension income by up to 21%.

Bestinvest’s latest ‘Spot the Dog’ report on the worst performing funds reveals that investors have nearly £44bn tied up in underperforming investments.