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

AJ Bell founder Andy Bell is to step down from the investment platform’s board following discussions with the Financial Conduct Authority (FCA).

Baroness Helena Morrissey, the chairman-elect of AJ Bell, has been criticised in the national press for saying on her social media that the UK is not currently in the midst of a pandemic.

Baroness Helena Morrissey has stepped down as a non-executive director at wealth manager St James’s Place after 14 months to become chair at investment platform AJ Bell.