The Financial Services Compensation Scheme (FSCS) will this week begin making extra payments to Lifemark investors whose claims exceeded the maximum compensation limit.

Shares in taxpayer-backed Lloyds Banking Group soared to a five-year high yesterday amid speculation the government is poised to start selling its stake.

The Financial Conduct Authority (FCA) has confirmed for the first time it has joined an international probe into the alleged rigging of the multi-trillion dollar trade in interest rate derivatives.

The housebuilder Barratt Developments has said the recovery in the housing market is spreading.

Brooks Macdonald, the AIM listed wealth management group, has reported pre-tax profits up 22% for the year ending June 2013, though warned of future pressures on margins.

BEHAVIOURAL FINANCE

An IFA who has been plagued by phone calls from pension liberation promoters has decided to fight back against this shadowy part of the industry by reporting the firms to the Financial Conduct Authority (FCA).

The Consulting Consortium client services director Ian Stott asks will a ban on legacy commissions create positive consumer outcomes?

The Financial Services Compensation Scheme (FSCS) has compensated investors to the tune of £960,000 over the failure of Honister Capital.

Legal & General Investment Management (LGIM) has appointed Justin Onuekwusi as a fund manager focusing on the firm's retail and risk-profiled multi-asset funds.