A judge has refused to lift a lifetime ban on an adviser who was struck off for failing to compensate clients who the Financial Services Authority (FSA) found he had caused to lose "substantial" money from their pensions.

PRICEY

The Financial Services Compensation Scheme (FSCS) is to review the issues raised by the Financial Services Authority's (FSA) Arch Cru redress scheme for the purpose of deciding claims.

The directors of the suspended £117m Axiom Legal Financing fund have caved in to pressure from shareholders to replace KPMG as receiver of the fund with Grant Thornton.

Legal & General (L&G) decided not to charge an hourly rate to clients using its restricted service because doing so could have done "dis-service" to them, according to the group's managing director for banks and building societies.

Malcolm Streatfield, chief executive of the Lighthouse Group, has transferred 233,333 ordinary shares of 1p in the company into his self-invested personal pension (SIPP).

Royal Bank of Scotland is facing the prospect of a £500m fine over its role in the Libor interest rate-rigging scandal.

Britain's bailed-out banks need billions of pounds more capital to shore up their balance sheets and support the economy, senior Bank of England officials have warned.

Banks will see the opportunities in giving advice and will come back to the market, according to Legal & General (L&G).

The current scope of the Retail Distribution Review (RDR) is only a temporary measure which will be expanded to mortgage and insurance advisers in the future, according to consumer finance expert Jasmine Birtles.