Barclays has confirmed the Serious Fraud Office (SFO) has started an investigation into payments between it and Qatar's sovereign wealth fund.

MOVERS & SHAKERS

Standard Life has overhauled its UK operation following a senior management review and launched a dedicated adviser and investment unit.

Retirees who delay buying an annuity for two years in the hope of rate rises are unlikely to ever recoup the money they would ‘lose out' on, a provider has warned.

Official GDP figures for the second quarter will be revised later today after better-than expected construction and industrial production figures.

Royal Bank of Scotland (RBS) will be hit with greater fines than Barclays over the LIBOR-fixing scandal, a member of the Treasury select committee has claimed.

GHC Capital Markets has linked with Intelligent Money to launch a new low cost self-invested personal pension (SIPP) for clients using its investment management service.

OLYMPICS LEGACY

Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.

Pensioners are being left "permanently impoverished" by quantitative easing (QE) and analysis from the Bank of England (BoE) denying negative impacts is wrong, Ros Altmann has said.