The Financial Conduct Authority (FCA) has pledged to scrutinise "the whole value chain" - including authorised advisers and pension companies - as part of efforts to stamp out pension liberation fraud.

The emergence of a profits-before-ethics culture in financial services skewed employees' view of the industry's purpose and prevented them from challenging immoral behaviour, the Financial Conduct Authority's enforcement boss has said.

Five major high street banks and building societies have agreed plans to plug an aggregate capital shortfall which at the beginning of the year stood at £27bn, the Prudential Regulation Authority (PRA) has announced.

Sir Mervyn King, the outgoing governor of the Bank of England who has spent more than two decades at Threadneedle Street, is to be made a life peer.

ON THE CLOCK

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Provider Aegon UK has hired John Wilkinson, previously head of protection and investments at Nationwide Building Society, as protection director.

A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.

FIRST MEET

The Financial Conduct Authority (FCA) is warning investors considering paying money to any of the companies in the Harlequin group "to do so with caution".