New data from the government-backed Money and Pensions Service (MAPS) has revealed that consumers have reported losing £13.6m to financial scammers over the past year, an average of over £16,000 each.

Investment manager Schroders has begun the search for a new CEO following news that current CEO Peter Harrison will be retiring after a decade on the board.

The Consumer Duty Alliance is to support the launch of a new Retirement Income Taskforce to be chaired by leading pensions campaigner Margaret Snowdon.