Barclays Bank

The ABI will today announce plans to scrap its "misleading" managed fund sector names after research showed they were too difficult for consumers to understand.

Barclays, HSBC, Lloyds Banking Group and RBS have agreed to review and improve their will writing services following OFT action.

Mohammed Ahmed, a bank manager at Barclays, is accused of helping fraudsters steal more than £820,000 from a pensioner's nest egg.

The number of client accounts at Barclays Stockbrokers holding ETFs has risen 137% in the past two years and is up 42% on 2009.

Over 35 Barclays branches were picketed over the weekend as protesters vented anger the financial giant paid just 1% in UK corporation tax in 2009, after making a record £11.6bn profit.

Barclays pre-tax profits jumped almost a third in 2010 to £6.07bn, slightly higher than analysts were expecting.

Demand is growing for more efficient indices

Peter Chadborn believes the Retail Distribution Review (RDR) may provide an opportunity for advisers to secure clients that banks cannot afford to service.

News Barclays is to close its financial planning arm should be seen as a major opportunity for IFAs to attract clients who can no longer rely on their bank for advice.

Barclays is set to close its financial advice arm due to declining returns and has promised to refer new clients to IFAs.