More British bankers were paid more than a million euros (£860,000) each in 2011 than the rest of the European Union (EU) combined, according to the European Banking Authority (EBA).

A tax tribunal ruled against a £135m stamp duty avoidance scheme, which included the Chelsea Barracks property deal.

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

The current pension tax relief set-up offers significant advantages over ISAs but is poorly understood by savers and ‘radical alternatives' should be explored, a report has concluded.

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

Closed-life consolidator Phoenix Group Holdings has confirmed it is in initial talks with Swiss Re's Admin Re Business Unit over a potential merger.

Advisers should finalise and promote their auto-enrolment proposition now or they risk missing a "great opportunity", according to NEST.

The Complaints Commissioner has used his annual report to highlight problems his office faced when dealing with the Financial Services Authority (FSA).

Government policies aimed at reducing the liability of the state for supporting people in retirement could fail due to being managed across different departments, auditors suggest.

Psigma Investment Management (PIM) has bought Axa Framlington's private client business, subject to regulatory approval which is expected in September.