Lloyds Bank plans to cut 865 jobs as it works to simplify the business, with the cut jobs mainly in its insurance, wealth and retail teams.

Nearly two-thirds (62%) of 16 and 17-year-olds did not know they were due to receive a lump sum from their Child Trust Funds or Junior ISAs when they turn 18, according to a new survey.

Following a successful pilot, wrap platform Transact said it is now accepting digital signatures on most applications via DocuSign or moneyinfo.

The Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England have appointed FOS independent assessor Amerdeep Somal as Complaints Commissioner.

Copia Wealth Management Ltd in Denton, Manchester, has gone into liquidation soon after a Financial Ombudsman ruling against the company over a pension transfer.

The Pension Geeks have had to ditch their big blue bus touring the country in favour of an online campaign but will still launch Pension Awareness Live on Monday.

Over 50% of pension transfers covered by one pension firm’s scam protection service have been flagged up as at risk of a scam since the pandemic hit.

National IFA firm Beaufort Financial, part of Beaufort Group, has added two appointed rep firms as it continues to expand.  

AJ Bell Investcentre has launched a new service for financial advisers called Fundamentals which will provide investment research and due diligence on funds and ETFs.

Jon Greer, head of retirement policy at Quilter, has called on the Government to reform the pensions triple lock, saying that retaining it in its current form is not an option.