New FSA powers have come into effect, giving the regulator the ability to deliver "prompt and effective" redress for consumers.

A former Burns-Anderson appointed representative jailed in April for defrauding clients out of more than £7m is set to return to court to be stripped of his assets.

CPI inflation remained at 3.1% in September but the figure is still well above government targets.

Services provider threesixty has launched a new web-based application for smartphones to support IFAs.

A website offering generic financial advice to consumers for an annual fee of £49 has been launched.

The average waiting time to receive FSA authorisation has almost doubled in the last year, according to figures obtained via a Freedom of Information request.

The FSA will challenge the British Bankers' Association's judicial review of its new PPI complaints handling measures.

The FTSE has powered higher this morning feeding off a healthy end to trading on Wall Street last week.

Alan Johnson has been appointed shadow chancellor, beating favourite Ed Balls and Yvette Cooper to the post.

The FTSE slid into negative territory in afternoon trading following news of a record month-on-month drop in house prices.