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The Chartered Insurance Institute (CII) has laid out its plans to overhaul the corporate Chartered status for firms, in a drive to achieve greater trust among consumers and raise standards across the profession.

The Institute of Financial Planning (IFP) has appointed Sam Rees-Adams as director of professional standards, a new post created following the early retirement of education director Sue Leech.

Sanlam is to streamline its business in the UK and is considering merging its Sanlam Private Investments (SPI) arm and Sanlam UK brands.

The Financial Conduct Authority (FCA) is likely to be more ‘intrusive' than its predecessor on the policing of firms' financial promotions and has so far intervened more than 200 times on the issue, according to a consultancy.

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Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.

MPs are calling for further pressure to be placed on pension fund managers to reveal the full extent of their charges on investors.

More than 6.3m people contacted the Money Advice Service (MAS) between April and September, suggesting demand among the public for generic financial advice.

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Aegon UK is raising fund charges on 82 insured funds across the Aegon Retirement Choices platform and within One Retirement.