HSBC plans to cut an additional 14,000 jobs as part of a worldwide restructure, the BBC reports.

FIVE THINGS

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

Getting financial advice on long-term care (LTC) is a welcome part of the latest Care Bill, however, it is not essential that advice is independent, trade body Symponia has said.

Independent consultancy Jelf Group has acquired Yorkshire and the Midlands-based general insurance broker, The Insurance Partnership (TIP), in a bid to expand into the regions.

Investors with funds in stock and shares ISAs may become liable for tax charges on the bonuses they receive from platforms, The Times reports.

The new chief executive of Co-operative Group is to carry out a strategic review of the business in the wake of is bank being downgraded by Moody's last week.

Partnership Assurance is to float on the London Stock Exchange.

The move to ban consultancy charging is "less dramatic than it sounds" as most of the charges that can end up with the employer's adviser remain unaffected, according to a consultant.

Alan Burnett, head of UK intermediary business at Martin Currie, is to leave the firm at the start of June for Lyxor Asset Management.