An offshore tax avoidance scheme used by FTSE 100-listed investment management company Aberdeen Asset Management to pay its employees tax-free bonuses has been closed by Scotland's most senior court.

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The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

More than half of consumers believe they would benefit from seeking financial advice, according to a report out today.

JP Morgan has agreed to pay $5.1bn (£3.2bn) to resolve claims it misled mortgage lenders before the housing crash.

Britains's embattled long-term savings industry will get a rare boost on Tuesday when figures from the Pension Protection Fund show that the rescue scheme for workers at collapsed companies has increased its assets.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

The Chancellor looks set to decide the future of the taxpayer-backed lender this week following a government-commissioned review of the business.

Some savers with up to £500,000 in their account will have their money fully protected by the government if their bank fails, under new European rules.

Chase de Vere is poised to restructure its corporate advice arm but said that side of the business will remain a core part of the firm.