The Financial Services Authority (FSA) has fined an insurance broker £195,117 for insurance fraud and banned him from carrying on regulated financial services.

Thousands of UK resident holders of Swiss bank accounts will receive letters from HM Revenue & Customs (HMRC) this week threatening a thorough investigation into their tax affairs.

The Treasury has sold Northern Rock plc to a consortium led by Richard Branson's Virgin Money for £747m, at a £650m loss on the £1.4bn of capital it injected into the bank.

Shoehorning clients into a simple one-to-ten risk profiler fails because real attitudes to risk drift with every new piece of bad financial news

IFAs hit social networking site Twitter to express their anger after an undercover investigation found financial advice given by high street banks and building societies is failing consumers.

The FSA today set out 13 examples of when the legacy commission ban will kick in - and a narrow set of circumstances under which advisers will be allowed to receive trail commission in the post RDR world.

Hundreds of thousands of Halifax customers could receive payments of up to £4,500 after the bank said more people might have been misinformed about changes to mortgage rates than it had originally thought.

January to March is the traditional EIS and VCT fundraising ‘season'. Matthew Brow, partner at RAM Capital Partners which markets the investments, gives a rundown of the New Year benefits on offer.

The Financial Services Authority (FSA) has fined discretionary fund managers McInroy & Wood Limited (MWL) £15,050 for breaching the regulator's client money rules.

Independent advisers who deal compliantly in complex products such as unregulated collective investment schemes (UCIS) should charge a premium for the service from 2013, Threesixty's Tony Bray has said.