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.

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

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.

National wealth manager Bellpenny has announced this morning that it is taking over a Winchester based financial advisory firm.

Retirees risk straying into "dangerous territory" occupied by so called pension predators who are looking to exploit them, Scottish Friendly has warned.

A survey of advisers by Blackrock has found that 71% of advisers say clients plan to work longer and retire later as the shortfall in their retirement savings becomes more apparent.

Woodford Investment Management has increased the potential size of its new Patient Capital fund from £200m to £800m due to indicative support from investors and advisers.

With an eye on the retirement market, AXA Wealth is providing exclusive five month access to the AXA Lifetime Distribution Fund managed by sister company AXA Investment Managers.

IFP chief executive Nick Cann - who is on long term sick leave recovering from stroke - is planning to undertake a 100 mile cycle ride in May to raise money for the Stroke Association.