National IFA Positive Solutions has accepted it made a mistake when one of its former advisers recommended a client invest in troubled Harlequin Property - and has offered to pay back the amount invested with interest, IFAonline understands.

Personal Touch Financial Services has today contacted 16 member firms giving advance notice of its intention to terminate their appointed representative contracts later in the year.

The average length of time taken by the Financial Conduct Authority (FCA) to authorise financial services start-ups is now back up to its highest levels, according to data obtained by City law firm RPC.

A date has been set for a meeting of creditors of failed firm Tailormade, which advised on self-invested personal pension (SIPP) transfers into troubled overseas property company Harlequin and was a major distributor of Harlequin investments.

A former accountant for Bernard Madoff was arrested on Thursday, nearly five years after the fraudster's huge Ponzi scheme was uncovered, an FBI spokesman said.

Royal Mail is to be valued at between £2.6bn and £3.3bn, the government has said.

Chancellor George Osborne has asked the Bank of England to take a bigger role in ensuring his Help to Buy housing scheme does not fuel a property boom.

Millions of workers approaching retirement age have little or no idea how their pension is performing or how much money they will have to live on in older age, new figures reveal.

A group of up to 1,000 investors in failed fund range Arch Cru have joined forces to bring a case against the vehicle's authorised corporate director Capita Financial Managers - and have found a top London law firm, favourable counsel's opinion and third...

Barclays bank will stop offering wealth management services in 130 countries by 2016, citing higher costs and increased regulatory burdens.