FSA chief executive Hector Sants is thought to be uncomfortable with Governor Mervyn King's hardline stance on the banking system which helped hurl Britain into recesssion.

More than half of large blue chip firms are providing no independent financial advice to their employees before pension tax allowances are reduced, PwC says.

The Serious Fraud Office (SFO) has been instructed to release potentially sensitive documents about the downfall of Equitable Life following a Freedom of Information (FOI) request.

Private bank Kleinwort Benson will acquire Close Brothers Offshore Group (COG) in a £29.1m deal which will see its private wealth assets under management swell to £7bn.

Chancellor George Osborne has refused to scrap the 50p tax rate on high earners in this month's Budget, despite pressure from the City and Conservatives.

Final salary public sector pensions will be phased out in favour of cheaper career average schemes by 2015.

We round up the best tweets as the Treasury Select Committee grills Hector Sants and Sheila Nicoll of the FSA.

Over a fifth of IFAs still switch personal pensions for clients despite fears of heavy-handed FSA anti-churn measures.

Work and Pensions Secretary Iain Duncan Smith will announce today the government is ready to reform the state pension to a flat-rate payment.

The ECJ's ban on gender-based insurance pricing may encourage more pension churning when combined with the effects of the RDR, Martin Bamford warns.