Barclays

Barclays has said it intends to cut up to 12,000 jobs this year, including 7,000 in the UK, as it reveals it has upped its staff bonus pool despite a drop in profits.

Barclays Bank saw adjusted pre-tax profits fall by almost a third during 2013 as restructuring and litigation costs impacted the business, but has increased the bonuses it pays staff.

Direct-to-consumer platform Strawberry Invest has launched today, with an annual platform charge of 0.40% on the first £50,000.

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Liberty SIPP has partnered with Barclays Stockbrokers to create a faster administration process between the two companies.

Antony Jenkins, the chief executive of Barclays, has turned down his multi-million pound bonus for 2013 due to the "very significant costs" faced by the bank.

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Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.

Barclays plans to close a quarter of its branches in the UK and cut hundreds of jobs in its investment banking division as part of a restructuring.