Merchant House chief executive Christopher Day has stepped down with immediate effect.

The Financial Services Authority (FSA) has confirmed self-invested personal pension (SIPP) charges disclosure exemptions will be removed from April 2013 to address current failings in the market.

More than 700,000 people contacted the Money Advice Service (MAS) in the last six months, an increase of 8% compared to last year.

Aegon will transfer the operation of its defined benefit pension schemes to JLT Benefit Solutions under a partnership agreement which will see 100 staff transferred from the life company.

High street bank staff who missed sales targets were named and shamed, forced to work late and threatened with the sack, Unite the union has said.

Barclays has been fined $470m (£293m) by US regulators after having been found to have manipulated the American electricity market.

Legal & General (L&G) has reported increased pension assets of £429m in the third quarter as a result of auto-enrolment.

Prudential is working with the National Employment Savings Trust (NEST) and independent multi-employer scheme NOW: Pensions to provide auto-enrolment packages for its clients.

Aegon has announced its post-Retail Distribution Review (RDR) charging structure and the closure of several of its products alongside an overhaul of its pensions range.

Changes to the legislation governing the operation of the National Employment Savings Trust (NEST) is to allow employers to leave the scheme.