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.

The Money Advice Service (MAS) has generated the ire of Facebook users by posting unwanted sponsored material on the pages of other users on the social networking site.

Friends Life has appointed David Hynam as chief executive of the life company's UK operations.

Savoy Investment Management Limited failed to take reasonable care to ensure the suitability of the investment portfolios of its wealth management clients, the Financial Services Authority has said following its decision to fine the firm.