Mark Pearson, head of investment marketing at Aegon UK, is to leave the business this week, Investment Week can reveal.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.

Hargreaves Lansdown has pushed back the launch of its new pricing structure - which includes the switch to super clean pricing on funds - after claiming it is under "no pressure" from rivals to act first.

Tesco, the UK's biggest supermarket chain, has reported a drop in profits of 23.5% in the first half of its financial year.

New laws passing through Parliament could see bankers found guilty of "reckless misconduct" jailed for up to seven years.

The Financial Conduct Authority (FCA) has sent emails to 120 advisory firms asking them to complete a questionnaire that will form the basis of part two of its three-pronged review into the impact of the Retail Distribution Review (RDR).

GLG veteran John White has handed over his funds with immediate effect as he takes a more senior role at parent company Man Group, Investment Week can reveal.

Bank of England Governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

The Royal Mail is to float next month, with the company valued at up to £3.3bn, the government has said.

Wrap platform AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.