The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch Cru investors.

Money Advice Service (MAS) chairmn Gerard Lemos has defended the organisation against the torrent of criticism it has received, insisting it is "crap".

SCAMS

Lord Turner, the chairman of the Financial Services Authority (FSA), has admitted the £350,000 remuneration package offered to Money Advice Service (MAS) chief executive Tony Hobman was "a bit too high".

An MP has branded the Money Advice Service (MAS) as a 'playground bully' for its disruptive influence on the industry and the delivery of debt advice.

The Financial Services Authority (FSA) has admitted it had concerns about the way in which the industry was being asked to fund the Money Advice Service (MAS), although is hand was forced by the Treasury.

Three people have been handed custodial sentences after pleading guilty to charges of insider dealing.

The executive team at the Financial Services Authority (FSA) shared out more than £300,000 in bonuses in the 15 months to the end of March, although chief executive Hector Sants handed his to charity.

The Royal Bank of Scotland is to cut 618 roles within its financial advice arm as a result of the retail distribution review (RDR).

The government has held firm in its refusal to bow to pressure to give almost six million children access to junior individual savings accounts (ISA).