The Financial Conduct Authority (FCA) is stepping up efforts to ensure firms are meeting its client money rules, according to a consultant.

Independent financial adviser Bradbury Hamilton has bought two client banks as part of its growth strategy and has further acquisitions in sight.

The Financial Services Compensation Scheme (FSCS) will compensate savers affected by the downfall of Cumbria-based Millom & District Credit Union, which went into liquidation today.

The government has rejected proposals to regulate the practice of will-writing, following a written request from the Legal Services Board (LSB) which said it had uncovered a "compelling case" for regulatory oversight of the industry.

Scottish Widows has appointed Esther Dijsktra as head of intermediary protection propositions to guide the firm's launch into the protection market.

Hornbuckle Mitchell has posted a 5% revenue increase and 21% growth in year-on-year earnings for 2012, announced less than a month after the firm sold a controlling stake to two private investors.