Tax relief on retirement savings should be cut and pensioners should have to pay National Insurance contributions, according to a think tank.

The payday loans industry will be forced to limit the cost of its loans amid claims it is trapping vulnerable borrowers in debt.

Lloyds Banking Group is set to sell a 12% stake in wealth manager St James's Place (SJP) and take £390m, according to The Sunday Times.

Evidence of Royal Bank of Scotland's (RBS') treatment of small businesses has been passed to financial regulators by business secretary Vince Cable, according to reports.

Comparison sites are facing an investigation by the Financial Conduct Authority (FCA) to ensure consumers are not "being misled".

Skandia has seen a rapid rise in the number of advisers writing flexible drawdown business on its pension platform, with figures up 200% in the past 12 months.

Scotland should avoid altering pensions tax relief if it becomes independent, the National Association of Pension Funds (NAPF)has said.

ALTERNATIVES

Personal Touch Financial Services has named the platforms, providers and panels that it has selected for use in its consumer-led wealth management strategy.

The home of former chairman of Co-op Bank, Paul Flowers, has been searched for drugs by West Yorkshire Police.