The FSA has fined Gateshead-based IFA N-Hanced £21,000 for exposing their customers to the risk of receiving poor advice about switching their pension.

The Chartered Insurance Institute (CII) has banned Peter Sprung from membership for five years and ordered him to pay a fine.

Banks are forcing victims of payment protection insurance (PPI) mis-selling to take their claim to the Financial Ombudsman Service (FOS), when they could resolve the disputes immediately.

A financial manager who swindled more than £2m from Friends Provident has pleaded guilty to eight charges of fraud, a court has heard.

The European Commission has approved a government loan to cover the set-up costs for the National Employment Savings Trust.

The Bank of England has made nearly £10bn in paper profits by buying UK government bonds as part of emergency efforts to pump money into the British economy.

Robert Prechter said on Tuesday he expects that as the U.S. economy sinks into a deflationary depression stocks will plunge.

Leading City investors are plotting to force Prudential chairman Harvey McGrath out before the beleaguered insurer's half-year results on 12 August, according to reports.

The head of the UK's new fiscal watchdog will step down in the summer when his three-month contract expires, a spokesman for the Treasury said last night.

A Serious Fraud Office (SFO) case against two alleged fraudsters has collapsed after a jury failed to agree on a verdict at the retrial.