Clydesdale Bank has teamed up with Aegon to restart its financial advice service.

Clydesdale and Yorkshire banks ended their partnership with insurer Axa with the loss of 130 jobs earlier this year, following reforms which outlawed commission-based advice.

Now the Australian-owned banks have appointed Origen Financial Services, owned by Edinburgh-based Aegon UK, as their "referral partner", for business and private banking customers only.

It follows the recent announcement that Origen has recruited 18 staff from the banks, taking its total number of advisers to almost 100.

Paul Shephard, director of business and private banking at Clydesdale and Yorkshire Banks, said the latest move was "a really positive step".