ETFs and SIPPs have been earmarked as ‘emerging risks' by the newly set-up Coordination Committee (CC) which unites the FSA, OFT and FOS.

KPMG, PwC, Deloitte and Ernst & Young have offered to reform the way they operate ahead of what is expected to be a highly critical report on their role in the financial crisis and lack of competition in the sector.

The FOS must make a final decision on the level of its reserves this month, as firms' continued refusal to pay fees linked to payment protection insurance (PPI) cases look set to exhaust funds and force levies to rise by as much as 25%.

A mortgage adviser has been jailed for 18 months after stealing £200,000 from his friends and family to keep up with his gambling addiction.

Norwich & Peterborough (N&P) building society has set aside a massive £57m to cover the cost of compensating customers its IFAs invested in failed investment firm Keydata.

AIFA is calling on the FSCS to consult with the industry on exactly how it will rebate levypayers with money repaid to it by Norwich & Peterborough (N&P).

Citigroup Inc., Deutsche Bank AG, Bank of America Corp. and JPMorgan Chase & Co. have been asked by the SEC to make employees available as witnesses in a probe of potential interest-rate manipulation.

Taxpayers will no longer be able to use high-risk tax avoidance schemes which exploit HMRC rules, the government said today, amid a widespread clampdown on tax avoidance.

George Osborne has said estates will benefit from a 10% discount in inheritance tax (IHT) if they leave part of the money to charity, though the cut translates to just a 4% reduction in the final bill.

George Osborne's Budget was better-than-expected for non-doms as many will have feared far harsher tax increases, KPMG says.