About 2,000 investors in Lehman-backed 'Capital at Risk' structured product plans run by failed firms Arc, NDF Administration and Defined Returns Limited (DRL) will not be able to claim compensation from the Financial Services Compensation Scheme (FSCS)....

Former Standard Life savings chief executive Geoff Towers will join Legal & General (L&G) as head of IFA sales for savings.

The FSA has been accused of refusing to release key documents relating to the collapse of Icelandic bank Kaupthing to the Serious Fraud Office (SFO) because of fears they will expose regulatory failings.

Progress, the UK protection provider of Royal Liver Assurance, is closed to new business with immediate effect.

Tory MP Ken Clarke has given up the lucrative grace-and-favour pension pot he is entitled to as Lord Chancellor.

The UK index of 100 leading shares was up in early trading, lifted by rises in all the major global markets.

The FSCS has ended months of uncertainty by confirming it can compensate investors with Keydata products backed by Lifemark but investors will not know the amount they will receive until the end of October.

The FSA has banned a former IFA company director for sending a fake letter to a client saying the Financial Ombusdman (FOS) had awarded them thousands of pounds.

All non-media relations personnel at regulated firms should be banned from speaking to the media, regardless of seniority, the FSA says, but it denies choking press freedom.

Government bonds jumped on Wednesday on rumours the Bank of England could be moving closer to increasing its £200bn "money-printing" programme to buoy the recovery.