AIFA has rejected an application by the IFA Defence Union's Evan Owen to replace Chris Cummings as director general.

A false insurance claim made by a shoplifter for injuries sustained in a police chase contributed to the highest level of insurance fraud last year.

Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.

The Chartered Insurance Institute (CII) has elected Allianz Commercial general manager Chris Hanks as president, replacing Barry Smith.

Two men have been jailed over a boiler room scam in which they creamed off 80% of the invested funds.

The maximum award the financial Ombudsman (FOS) could order firms to pay in client redress may double to £200,000, a City law firm suggests.

Auditors are too trusting of managers' explanations of financial reporting when looking into company accounts, the Audit Inspection Committee (AIU) says.

Aegon has signed a deal with global wrap provider GBST to help push the insurer's drive into the ‘at retirement' and ‘workplace savings' markets.

Fairpoint Group, the debt solutions business, acquires a 100% share in price comparison company Moneyextra.com.

UPDATE 12pm: The FTSE 100 index has climbed almost 1.6% in morning trading after strong late gains overnight on Wall Street.