The Personal Finance Society was hit by soaring costs in 2022 as it spent heavily on legal and consultancy fees during its row with parent body the Chartered Insurance Institute.

The new chief executive of investment provider Hargreaves Lansdown, Dan Olley, could earn a pay, bonus and share package worth £4.826m in 2024, the company’s 2023 Annual Report reveals.

St James’s Place CEO Andrew Croft is to receive a basic pay rise increase of nearly £30,000 per annum after his pay package fell last year when the firm suffered a drop in Funds Under Management.

Caseworker productivity improved 12% at the Financial Ombudsman Service in 2021/22 as the Ombudsman confirmed this week that its compulsory levy will rise by over 10% for 2022/23.