The Financial Services Authority (FSA) should as a matter of urgency retract its references to traded life policies (TLPs) as "toxic", EEA Fund Management has said.

The Financial Ombudsman Service (FOS) saw a near-60% rise in complaints relating to payment protection insurance (PPI) in the final three months of 2011.

The financial crisis engulfing the eurozone took a fresh twist last night after Standard & Poor's cut the credit rating on nine eurozone countries, including France's AAA rating, and Greece's debt talks collapsed without agreement.

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Understatement coming up: Stephen Gay was not universally welcomed as the director-general of the Association of IFAs (AIFA).

Stephen Gay is to leave AIFA after just 14 months to join the Association of British Insurers (ABI).

Government plans to scrap child benefit for higher earners will be revised to protect families with stay-at-home mothers, David Cameron has hinted.

The Financial Services Authority (FSA) has published guidelines to push lenders to simplify wording on mortgage contracts that permit switching consumers from interest-only to repayment mortgages.

Police have arrested five men as part of its investigations into a small number of suspicious trades reported by Bristol-based stockbroker and wealth manager Rowan Dartington.

Some words commonly used in financial services have become synonymous with wrongdoing but, in most cases, describe fair and, often, essential practices.