A former chief executive officer of UBS AG's wealth management unit who is challenging a £100,000 FSA fine was yesterday accused of failing to control the activities of his team, allowing them to make up to 50 unauthorised trades per day.

The average income of households with children will drop by 4.2% - or £1,250 - a year between 2010/11 and 2015/16 as a result of the coalition's tax and benefit changes aimed at reducing the deficit, a charity has calculated.

Tax officials have been accused of treating small firms unfairly while taking a soft approach to the tax liabilities of large businesses.

The Association of Consulting Actuaries (ACA) has called on the government to take steps to reinvigorate private sector pension provision after noting a "seismic collapse" in UK schemes.

A group campaigning for a judicial review into the Arch Cru investment funds scandal has had its initial request rejected by the High Court.

Bad news sells. It is a phrase all-too-familiar with journalists who may have heard it from their reader critics, and perhaps from their editors. It's true of course, the phrase. In most cases, a bulletin led by a negative news piece will garner more...

The High Court in Northern Ireland has found that Francois de Dietrich was operating a collective investment scheme (CIS) without FSA authorisation and must now return £21.6m to investors.

The Financial Services Authority today announced plans to prevent a return of the risky mortgage lending seen in boom times, by proposing what it called "common sense" sales and underwriting standards across the market.

The FSA today proposes to ban non-advised mortgage sales, although all but the 'vulnerable' or those accessing higher-risk products will be able to opt-out of advice or reject it and proceed on an execution-only basis.

Barclays was among six global banking groups downgraded by Fitch last night, with the ratings agency citing the challenging financial markets.