Standard warns of £75k loss on lifetime allowance -
Standard Life is warning that savers who failed to protect their tax-free cash when the lifetime allowance was introduced could see their available non-taxable pension lump sum drop by £75,000 from April.
Iceland retrieval sees recoveries reach £756m -
The Financial Services Compensation Scheme secured recoveries of £756m during 2010/11, with £614m relating to failed Icelandic investment bank Kaupthing Singer & Friedlander.
Investec claws back clients' cash after admin blunder -
Investec Asset Management reduced the income payments on its £74m managed distribution fund in May without notifying investors after an admin error saw too much money paid out of the fund in previous payments.