A new group chief executive is set to take over at Old Mutual, the company announced this morning.

The FCA has today handed a fine of £126m to The Bank of New York Mellon London Branch and The Bank of New York Mellon International Limited. Read more ...

Plans to cut pensions tax relief to fund an increase in inheritance tax have come under fire from a pensions advisory firm. Read more ...

Operating profits at Nucleus climbed by 67% to £2,500,000 last year, the company announced this afternoon. Read more ...

A former Fidelity chief executive has been handed a new job at a reporting specialist for wealth managers.

The record low inflation rate of 0% has continued into March, the Office for National Statistics has reported this morning.

Clydesdale Bank has been handed the largest ever PPI related fine – leaving it having to cough up £20,678,300 for "serious failings" in its complaint handling processes. Read more ...

A new service has been launched today aimed at giving advisers at smaller firms more time with clients rather than researching and reviewing funds. Read more ...

Peter Hargreaves has left his board position at Hargreaves Lansdown today.

Savers are planning to withdraw an average of £27,000 from their retirement fund this year, following the changes to pension rules, a study has found.