Wrap platform Ascentric has announced it has reached £4bn in assets under administration and added 50 new firms.

MF Global claims account for £27m of the Financial Services Compensation Scheme’s £60m interim levy.

The Financial Services Compensation Scheme has set an interim levy of £60m for investment intermediaries.

The Financial Services Authority has announced it plans to publish a consultation paper on platforms by the end of March.

Saving pots of the over-55s have risen by 24 per cent year-on-year, according to the latest Aviva real retirement report.

Legal and General saw its profits before tax fall from £1.1bn to £956m in 2011, according to its preliminary results today.

HM Treasury has shut down an ‘aggressive’ tax avoidance scheme involving property business loss relief.

Monetary Policy Committee member Paul Fisher believes conflict between the MPC and the Financial Policy Committee is unlikely.

The Financial Services Authority has published a list of the main risks facing consumers in the financial services sector.

Standard Life has seen a six per cent drop in profits, according to its preliminary results issued today.