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%.

Three new directors have been appointed to the Financial Conduct Authority board by the Treasury.

Four directors of companies involved in the transfer of £57m of pension pots - much of it into SIPPs - have been banned for a combined 34 years following an Insolvency Service investigation.

The Financial Planning Standards Board, owner of the Certified Financial Planner certification outside the United States, is hunting worldwide for a new director to join its international board.