The FSA has issued updated guidance on firms' use of distributor-influenced funds (DIFs).

The financial services and pensions regulators have joined forces with HMRC to issue a fresh warning against early release pension offers.

Prudential is considering moving its headquarters out of the UK, partly as a response to what it fears may be an "adverse outcome" on Solvency II.

HSBC is set to claw back thousands of pounds of bonuses from executives after its long term care advice subsidiary was fined for mis-selling bonds to elderly customers.

The FSA has banned two advisers for not being "fit and proper".

Payday lenders are to be investigated by the Office of Fair Trading (OFT) over concerns customers are not being treated fairly.

Lloyds Banking Group made a loss of £3.5bn last year - largely due to money set aside to cover payment protection insurance (PPI) claims - and said its bonus pool was down 30% against 2010.

The FSA's acting enforcement head, Tracey McDermott, has said the financial services industry is failing to heed the lessons of previous failures and "has no-one but itself to blame" for low consumer confidence in the sector.

Taxpayer-owned The Royal Bank of Scotland (RBS) made a £2bn loss last year, its fourth straight year of losses since its 2008 bailout.

About two years ago, a retired ‘adviser’ invited me for lunch. He wanted to discuss today’s advisory market and compare it with his 1970s “heyday” (with Sun Alliance & London). I accepted.