TO BE CLEAR

Steve Bee is calling for the simplification of pension tax relief, arguing all savings should be taxed at their deferred rate when drawn as income.

The Financial Conduct Authority (FCA) is looking into claims traders intentionally pushed up the price of government bonds before attempting to sell them to the Bank of England (BoE) in 2011.

NEST Corporation, the trustee body that runs auto-enrolment pension scheme NEST, has been defrauded out of more than £1.4m, it has revealed.

Wealth manager Towry inherited a "train wreck" when it acquired advisory firm Edward Jones in 2009, but it should have done more to "win the hearts and minds" of its new staff, its chief executive Andrew Fisher has said.

Members of parliament are set to receive a pay rise of more than £6,000 from 2015, though other allowances will be scaled back, the MPs expenses watchdog is set to recommend on Thursday.

David Johnson, the man credited with creating the specialist mortgage lending market in the UK and an industry veteran of 40 years, has died aged 67.

FIVE THINGS

A ‘mansion tax' on all homes worth more than £2m would cost the owners as much as £36,000 a year on average, according to Whitehall analysis.

Financial advisory group and consolidator Perspective Financial is seeking admission to float on the Alternative Investment Market (AIM) stock exchange in a move it says will raise gross proceeds of £28m.