A financial services trade body, set up to assist with international policy and regulation, has gone insolvent after thousands disappeared from the organisation's bank accounts without explanation.

Royal London has agreed to change the terms used in its Scottish Life branded unit linked consumer contracts after the Financial Services Authority (FSA) found they may have been unfair.

Openwork, the multi-tied network, will make the majority of its advisers use its distributor influenced funds Omnis Investments from 2013.

A professional indemnity (PI) insurer has hit out at a proposed £110m redress scheme for Arch Cru investors, saying it is fundamentally flawed and could cause "substantial damage" to IFA firms.

Poorer retirees will no longer have to pay higher-rate tax when they take a small pension pot as cash.

Britain could lose its AAA credit rating after George Osborne admitted he will miss his target to reduce Britain's debts and have to borrow an extra £100 billion.

TAX PLANNING

Fourteen people - including a former HM Revenue & Customs (HMRC) officer - have been ordered to pay back over £1m for their part in a £1.2m tax fraud.

Boring, predictable and unachievable - just some of the views about today's Autumn Statement. For these and the rest, here's our round-up of the reaction to the tax and growth figures.

Shadow chancellor Ed Balls has condemned chancellor George Osborne's economic plans for failing to meet the government's own targets.