Andrew Bailey has been confirmed today as the new Governor of the Bank of England after three years as chief executive of the Financial Conduct Authority.

Financial mutual LV= has recruited Mark Hartigan from Zurich to be its interim chief executive with effect from 1 January on an initial 12 month contract, subject to regulatory approval.

Fintech firm Altus this week claimed the first ‘fully electronic’ pension transfer had been carried out in five days.

Nutmeg, one of the best-known robo-advisers, has promoted chief financial and operating officer Neil Alexander to replace chief executive Martin Stead who is leaving early in 2020 to move overseas.

The Bank of England’s Monetary Policy Committee has voted by a majority of 7-2 to maintain the base rate at 0.75%, the bank said today.

The Bank of England’s Monetary Policy Committee voted by a majority of 7-2 for a second month to maintain the Bank Rate at 0.75%.

The Bank of England’s Monetary Policy Committee voted unanimously today to cut the bank base rate from 0.75% to 0.25%.

The Bank of England’s Monetary Policy Committee cut the bank base rate today from 0.25% to 0.1%.

A new Financial Services Bill and a ‘refined’ Pension Schemes Bill will be introduced by the Government as part of a 30-bill programme announced in the Queen’s Speech today.

Dean Mirfin, the well known chief product officer at equity release specialist Key Group, is to leave his executive position with the company to pursue other opportunities, the company said today.