The target market for the new National Employment Saving Trust is predicted to save, on average, just 2.5 per cent of salary into a plan.

Standard Life has appointed Paul Matthews as its new UK chief executive.

Aviva has appointed John McFarlane as its new chairman. He will take up his position at the end of June 2012.

The Financial Services Authority has announced a £54m package for investors who invested in the CF Arch cru funds.

In 2010, the Institute of Financial Planning launched the first professional qualification in the UK to test the skills and competence of Paraplanners - the Certificate in Paraplanning.

There is significant growth in the number of young and female high net worth individuals, according to Merrill Lynch and consulting group Capgemini.

Almost 100 per cent of high net worth individuals have trust and confidence in their financial adviser, according to a survey by Merrill Lynch and consulting group Capgemini.

The Council of Mortgage Lenders has appointed Paul Smee as its new director general. He will replace Michael Coogan who worked as CML director general from 1997.

Ascentric has announced it has been operating as a profitable platform for the last two months.

Over three quarters of employers do not know how much it will cost to implement auto-enrolment, according to pension and benefits consultants Hymans Robertson.