The Personal Finance Society’s interim chair, Andy Briscoe, has quit the role after only six months.

The chief executive of the Financial Services Compensation Scheme Caroline Rainbird has left the organisation after four years in the top job.

CII group chair Helen Phillips has expressed “sadness” over the decision yesterday by PFS President Caroline Stuart to resign but has insisted that the CII will pursue its aim of taking control of the PFS board.

Prime Minister Boris Johnson has bowed to pressure from ministers to resign as Conservative Party Leader.