A group of 30 firms and bodies, who are members of the STAR Steering Group met in London last week tasked with improving outcomes for consumers looking to transfer assets such as pensions of investments.

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

Bristol-based investment provider and Financial Planner Hargreaves Lansdown has reported its number of active clients has reached 1,188,000 - up 53,000 on the previous trading period and up nearly 100,000 in the past 12 months.

Interest rate increases could be “more frequent” Bank of England governor Mark Carney has said after the Bank Rate was held today at 0.75%.