A former financial adviser has admitted to defrauding clients out of more than £1m over a 20-year period.

Who moved where in another busy week in financial services?

IFA consolidator Perspective Financial Group has acquired Gateshead-based adviser Vivienne Shepherd, and plans to integrate the practice into one of its existing Newcastle businesses, Rutherford Wilkinson.

It's our roundup of the stories your clients may have read in the national newspapers over the weekend...

Chancellor George Osborne has described as "sensible" the decision by RBS chief executive Stephen Hester to reject his bonus.

Martin Greenwood, the interim CEO of Tenet Group, has hit out at the company's rivals for behind-the-scenes criticism of the network.

Banks must ditch their sales-driven culture and adopt a more holistic approach to financial advice, the head of the new Financial Conduct Authority (FCA) has said.

The successor to the Financial Services Authority (FSA) may have the power to ban certain types of products without having to consult.

The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.