Women find the world of financial services “aggressively masculine” and this factor deters them from seeking financial advice or buying financial products, according to a new report from research firm Kantar.

Auto-enrolment has helped drive total membership of occupational pension schemes in the UK to a record 39.2 million in 2016, according to the latest figures from the Office for National Statistics.

Old Mutual Wealth, the business undergoing major changes ahead of a parent company split, has recruited a well known industry hand, Chartered Financial Planner John Porteous, for the newly-created role of retail customer solutions director.

Old Mutual Wealth has launched a standalone multi-asset investment business as it reshapes its business model in preparation for “managed separation” of the company from its parent group.