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

Advisers have largely supported a High Court decision to allow a couple to pursue their IFA firm for extra compensation, even though it had already paid them £100,000 following a Financial Ombudsman Service (FOS) decision.

Software firm IRESS is launching a cashflow modelling tool, as part of an expansion of its wealth platform.

A High Court ruling which allows a couple to pursue their adviser through the courts for half a million pounds after having already received £100,000 via the Financial Ombudsman Service (FOS) shifts the balance too far in favour of consumers, according...

RDR

Cheshire-based financial planning firm Clarion has split its business in two creating a wealth management and an investment management arm.

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 Financial Ombudsman Service (FOS) will change the wording on its rulings to say that consumers who it has awarded compensation to can also pursue a legal case for redress following a High Court decision last week.

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.