The Money Advice Service (MAS) has hired Caroline Rookes as its new chief executive to succeed Tony Hobman.

A loophole in planned banking reforms could leave taxpayers on the hook for billions of pounds during another financial crisis, according to the governor of the Bank of England (BoE).

The Financial Services Authority (FSA) plans to increase the minimum capital held by self-invested personal pension (SIPP) providers from £5,000 to £20,000.

FROM THE ED

Standard Life has confirmed it is to cut 139 jobs from across its business.

HM Revenue & Customs (HMRC) has failed to halt the widespread use of "highly contrived" tax avoidance schemes, according to a National Audit Office (NAO) report.

Aviva has appointed Mark Wilson as its next chief executive.

Partnership has appointed Chris Gibson-Smith to the company's board as chairman-designate.

MOVERS & SHAKERS

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