Equities were the best-selling asset class for the third month running in November, according to the latest Investment Management Association (IMA) sales figures.

Aegon has appointed Rob Waller as its executive head of distribution, replacing Patrick Gale who left the business on 1 January.

Aegon's executive chairman of distribution Patrick Gale has left the business.

The FTSE 100 has started to recover during this morning's trading, after its first poor finish since the start of the year on Monday.

MOVERS & SHAKERS

Charles Stanley has appointed Douglas McNeill as investment director for its new direct-to-client service, due to launch at the end of March.

The final cost to the country's banks for payment protection insurance (PPI) mis-selling is likely to be about £25bn, according to The Times.

High earners would face a £1bn ‘tax grab' on their pension contributions to fund return-to-work schemes for the long-term unemployed should Labour return to power.

People nearing retirement who are carrying around extra weight could potentially make a few extra pounds, according to Just Retirement.

Making the winter fuel allowance a means-tested benefit to help fund long-term care would discourage people from saving and worsen the pension credit crisis in future, a commentator has said.