Munich Re held a party for 100 of its highest-achieving sales staff and provided prostitutes for their entertainment.

The government this week passed legislation which officially ended contracting out of defined contribution (DC) pension schemes from April 2012.

The DWP has launched one last consultation on auto-enrolment before the pensions bill becomes law.

Hector Sants, chief executive of the FSA, said the organisation's successor the Prudential Regulatory Authority (PRA) will take a judgment-based rather than reactive approach to regulation.

A firm of solicitors which claimed people who need their homes converted to live independently must use a law firm for advice has been slapped on the wrist by the Advertising Standards Authority (ASA).

Royal Bank of Scotland's (RBS) advice arm and M&G have joined AIFA as associate members.

Pensions minister Steve Webb said the proposals to change the state pension age will be reconsidered.

David Cameron's communications director Craig Oliver, and his BBC presenter wife Joanna Gosling, have become embroiled in a tax fraud investigation.

Long term care (LTC) insurance products will remain niche in spite of a growing need unless people are forced to buy them, the OECD said.

Prudential chairman Harvey McGrath will face a 20% vote against him renewing his role in the company at the group's AGM on Thursday.