Policymakers should focus on making existing regulatory powers work before jumping to extend their remit, or risk damaging UK competitiveness, says the Association of British Insurers (ABI).

Complaints linked to property funds, deferral periods and market value reductions (MVRs) are on the increase, as investments disappoint in the wake of the crisis, says the Financial Ombudsman Service (FOS).

Senior managers who fail to understand the inner workings of their own business will not get much respect from the new chief financial ombudsman.

Banks have been carrying out trades which are ‘economically useless', Adair Turner says.

The ABI's new director general Kerrie Kelly has urged the FSA to be open-minded and balanced about its judgements on the likely dangers posed to consumers and on what consumers actually want.

Baigrie Davies director Amanda Davies has joined the FSA board as a non-executive director.

Brooks Macdonald, the financial planning and asset management group, will pay an interim dividend for the first time this month as pre-tax profits almost doubled in the second half of 2009.

Investors are rushing to sell shares and property ahead of the Budget on 24 March, believing Alistair Darling will raise capital gains tax (CGT) rates.

Government plans to cut the budget deficit are not ambitious enough, a European Commission report will say on Wednesday.

The FSA and City of London Police (CoLP) have warned 1,000 UK citizens their personal details are on a ‘master list' used by fraudsters to target and sell them worthless shares.