A trustee tasked with returning money to victims of Bernard Madoff's Ponzi scheme fraud says more than $1bn (£610m) has been recovered from investment funds which placed money with the fraudster.

The tale of the man who didn't lose enough limbs was a bad press day for critical illness cover but use it to explain to clients the importance of comprehensive protection advice.

A suspect in an alledged £10m Ponzi scheme which targeted ex-pats has been extradicted from Spain to Britain to face fraud charges.

AIFA's decision to embrace restricted advisers has gone down like a lead balloon with the industry's twitterati, with one adviser preferring Tesco to his own trade body.

The Financial Services Compensation Scheme (FSCS) levy will increase by £7.3m next year to meet the cost of the collapse of Southsea Mortgage and Investment Company, but only banks are likely to be affected by the rise.

The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.

The dollar touched a three week low against the euro as investors were kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.

Three senior Ombudsmen - including chief executive Natalie Ceeney - receive bigger annual pay packets than Prime Minister David Cameron.

The British Chambers of Commerce have appointed former Asda and Tesco exectuive John Longworth as director general.

More public sector pensions uproar, UK recovery fears and still no deal on the US debt ceiling. Our round-up of the news from the nationals.