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Schroders chief executive Michael Dobson said the group now has the strongest UK equity team in its history - despite the departure of Richard Buxton.

More workers in their 50s are choosing opt-out of automatic enrolment (AE) into workplace pension schemes than any other age group, according to official statistics.

The Financial Services Compensation Scheme (FSCS) has hired Sherlock Holmes actor Benedict Cumberbatch to voice over its new consumer awareness campaign, which will cost the industry £3m.

Platform providers who are overcharging for propositions are finding the "the noose is tightening" around them, according to a new pricing guide.

Henderson Group has seen a record jump in underlying pre-tax profit in the first half of 2013, despite a £2bn outflow from its institutional business.

Schroders reported an outflow of more than £1bn in June, following a market sell-off and the departure of its head of UK equities Richard Buxton.

Standard Life UK has reported a 28% increase in pre-tax profits for the first half of the year, with strong growth in assets under management and fee-based revenue.

Aegon's net income fell 2% in the first half of this year, as higher underlying earnings were offset by losses on hedges due to rising equity markets and volatility - and an £18m loss on the sale of Positive Soltuions.

Aviva has reported a profit after tax of £776m for the first half of this year, turning around a £624m loss for the half year 2012 - but said UK life operating profit fell.

Higher rate pension tax relief has been described as being in "its final days" and of "minimal value from a social perspective" by one adviser.