Previously interim CEO

Consolidation in SIPP market continues

No plans to reverse RDR

Deal is subject to FCA approval

Chancellor gives pensioners near 3% pay rise

Jackie Hunt has left the business

Frank Field: 'We cannot afford another scandal'

The Financial Conduct Authority (FCA) has revamped its at-retirement rules as a result of pensions freedom and choice reforms which opened up the retirement income market.

Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.

Group confirms speculation