The coalition government is to make ex-gratia payments of £5,000 to Equitable Life customers who bought with-profits annuities prior to 1992.

Local authorities should only recommend regulated financial advisers to people requiring advice on funding their long-term care, an influential committee has recommended.

The incoming Financial Conduct Authority (FCA) has outlined how it plans to use new powers permitting it to publish details of enforcement cases at one of the earliest stages of its proceedings.

Some parents will be able to claim back up to a fifth of average annual childcare costs from the government under a new scheme.

Fay Goddard, the current chief executive of the Personal Finance Society (PFS), is to join Lighthouse Group as a non-executive director next month.

MOVERS & SHAKERS

The Financial Services Authority (FSA) has apologised for comments made by staff and its overall conduct during a meeting with an unnamed firm.

The Financial Services Authority (FSA) is warning consumers of a new tactic adopted by fraudsters - setting up fake versions of its website and register.

Lloyds Banking Group has been criticised after announcing 550 job cuts which trade union Unite said would come on top of the 1,340 lay-offs revealed earlier this year.

Barclays Bank has agreed to compensate some customers affected by its takeover of ING Direct UK, if the move compromises savers' protection under the Financial Services Compensation Scheme (FSCS).