Leaders on the country's biggest firms are more confident in an economic recovery than they were a year ago but have less faith in the Chancellor, latest polling has found.

Investors should stop paying "extremely high fees" for performance which on average falls in line with the markets, a leading think tank has said.

MOVERS & SHAKERS

RDR

Standard Life has won a legal appeal case brought by professional indemnity insurers over a £100m claim relating to losses arising from its Sterling fund.

Royal Bank of Scotland is still in negotiations with the Financial Services Authority (FSA) over how much it will have to stump up for its role in the LIBOR manipulation scandal.

The Financial Services Authority (FSA) has failed to make the case for its planned Arch Cru redress scheme announced earlier today, according to the Association of Professional Financial Advisers (APFA).

Firms who advised on investments in the CF Arch Cru Investment and Diversified Funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress.

Nottingham Building Society and Shepshed Building Society have agreed in principle that the two societies should merge.

A two-timing investment banker has been jailed for two years and eight months for insider dealing.