Platform provider AJ Bell has appointed former Hargreaves Lansdown director Fiona Clutterbuck as its new chair to replace outgoing chair Baroness Helena Morrissey.

Mike Evans has permanently stepped down as chairman of M&G to concentrate on the recovery of his health.

Fiona Clutterbuck is to take on the role of interim chair of savings and investment manager M&G while chairman Mike Evans takes a temporary leave of absence.