The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly, according to the Sunday Times.

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Barclays has set aside an additional £400m to repay customers mis-sold interest rate hedging products and another £600m for payment protection insurance (PPI) redress.

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. 

MPs have called on the Chancellor to return to giving just one Budget statement a year.

A medical research tax avoidance scheme, promoted by Matrix Securities, has been successfully challenged in court by HM Revenue & Customs (HMRC).

HM Revenue & Customs (HMRC) is to hire an additional 100 inspectors dedicated to making sure wealthy people pay enough tax.

Lloyds Banking Group has fired a 'rogue trader' after it uncovered a scheme designed to inflate the executive's bonus.

Global insurer Zurich has named David White as head of retail, UK life, with effect from 21 January.

Standard Life has won a legal appeal case brought by professional indemnity insurers over a £100m claim relating to losses arising from its Sterling fund.