So after two years, thousands of FOS claims, the support of two MPs, and a Prime Minister who wasn't even in the post when the debacle began, Arch cru investors have some kind of answer to the question ‘Will I ever get my money back?"

The Financial Services Consumer Panel (FSCP) will ensure the FSA does not "cave in" to pressure from the industry on grandfathering exemptions from qualification requirements for long-standing advisers, it has said.

The FSA and Capita Financial Managers, BNY Mellon and HSBC Bank have confirmed the voluntary establishment of a £54m package for Arch cru investors.

Prime Minister David Cameron joined the fight to force the FSA to reveal what it knows about the failure of the Arch cru fund range, just days before today's announcement of a £54m compensation package for investors.

RBS' share price was sent tumbling yesterday as workers rushed to offload a swathe of bonus shares in exchange for cash.

IFA 2plan has been awarded £87,000 after winning a High Court battle against two advisers.

The Treasury has ruled out launching its own independent inquiry into the collapse of Keydata until after the Financial Services Authority (FSA) has completed its review - which has so far stretched to two years without any public findings.

The Treasury is proposing to strictly define who is an ordinary British resident for tax purposes, as part of reforms announced in the Budget.

Government plans to use transparency and disclosure as a regulatory tool - including publishing warning notices against advice firms - could hurt consumer confidence in the industry and make them disengaged from financial services entirely, the Treasury...

Government plans to give the FSA's successor powers to intervene in product regulation could lead the public to expect they have been endorsed by the regulator and so are ‘safe', ministers have been warned.