The Financial Services Compensation Scheme (FSCS) may avoid picking up the whole bill for the suspended ARM Asset Backed Securities investment as the fund's board has found a buyer for the life-settlement policies in its portfolio.

The Financial Services Consumer Panel (FSCP) has hit out at the Financial Services Authority (FSA) for a "record of procrastination", and has called on it to take immediate action against firms whose incentive schemes are to the "detriment of consumers"....

At least 80 Keydata investors are concerned they will not have recourse to the courts if their claims at the Financial Ombudsman (FOS) fail to fully compensate them, because the service is taking so long.

The Financial Services Authority (FSA) has issued its joint largest retail fine of £10.5m to Card Protection Plan Limited (CPP) for mis-selling insurance products.

Resolution Group has reported new business of £138m for the first nine months of the year, up 45% from £95m for the same period last year, led by an 155% increase in the company's UK operations.

The Financial Services Authority (FSA) has brought cases against Arch Financial Products and the company's chief executive Robin Farrell and chief operating officer Robert Addison.

UK residents with Swiss bank accounts are being warned that new landmark taxation arrangements are scheduled to come into force on 1 January next year.

Prudential has reported new UK business profit rose 17% for the first nine months of the year, driven by higher sales and by the life company's decision to focus on certain products.

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.

A group of IFA firms and industry professionals led by former Honister Capital director Alan Easter will aim to create a ‘middle ground' between being directly authorised and part of a network in their new venture.