UPDATE: The FTSE has bounced back from heavy losses earlier this afternoon on the back of weak GDP figures from the US.

Keydata owes HMRC £12m in unpaid tax, which is more than double previous estimates, according to the FSA.

The FSA today publicly censured The Garrison Finance Centre for advice failings involving geared traded endowment policies (GTEPs).

Norwich & Peterborough (N&P) Building Society will no longer offer structured products to its customers after having its fingers burnt in the Keydata debacle.

Aegon is launching a monthly 'ezine' to thousands of advisers with details of online planning tools and updates.

Governor of the Bank of England Mervyn King has attacked the way some banks are treating loyal business clients as "heart breaking".

The Government is planning to scrap the default retirement age in the UK from October 2011.

Metro Bank, the first high street bank to launch in the UK for a century, opens its doors today but none of its products have made it onto best buy tables.

Skandia will close its MultiBOND and critical illness offerings to new business from the end of September.

Bank of England (BoE) Governor Mervyn King has issued a stark warning to MPs "not to read too much" into recent strong GDP figures.