News

Rebus Investment Solutions, a company which helps investors recoup losses from complex investments which they argue they have been mis-sold, has secured £750,000 of compensation on behalf of five clients invested in a carbon credit scheme.

National Employment and Savings Trust (NEST) Corporation has revealed it saw a 40% opt-out rate following its auto-enrolment staging date.

A former head of HM Revenue & Customs (HMRC) who stepped down after he was accused by MPs of lying has been hired by HSBC to advise on honesty, according to reports.

MPs have heavily criticised Barclays' defence of its bonus programme, labelling former CEO Bob Diamond's £2.7m bonus for 2011 as "absolutely extraordinary".

BlackRock, the world's largest asset manager, has revealed it has taken an 8% stake in football club Manchester United.

MULTI-ASSET

Total income at Brewin Dolphin for the final three months of 2012 fell by 5% on the quarter as trail income fell ahead of RDR implementation.

The Financial Services Authority (FSA) has confirmed that Barclays, HSBC, Lloyds and RBS will start the full review of their sales of interest rate hedging products (IRHPs) to small businesses after a series of failings were uncovered. 

The annuity market will come under investigation by the Financial Services Authority (FSA) later today when a major review is announced.

Over a fifth of retirees are taking out equity release loans to clear outstanding mortgages, according to research by Key Retirement Solutions.