The FSA has fined the director of a Gloucestershire-based IFA network £49,000 for putting customers at risk of poor pension switching advice during the business's rapid expansion.

Lord Ashcroft has saved more than £127m in British tax since he became a member of the House of Lords, according to estimates from Liberal Democrat research.

The euro has fallen to a 10-month low against the dollar, amid poor economic data and ongoing concerns about the stability of the Greek economy.

Baby boomers have done "disproportionately well" from the last 40 years, but it is the under 45s who will bear the burden as they retire, the shadow universities and skills secretary will say next week.

Dubbed the "Red Knights", a group of financiers has met to discuss a billion-pound takeover of Manchester United.

Lord Turner will tell Parliament today regulators such as the FSA should force new, higher, capital and liquidity ratios on the world's largest banks.

The LV= with-profits fund generated a return on investment of 15.4% in 2009.

The Treasury has denied rumours it will step in to help victims of the Keydata debacle, saying it is an "FSA and FSCS" issue.

Solicitors will have to battle it out with banks, supermarkets and insurance companies for legal business from Q4 next year, leading some to suggest they will be more eager to link up with financial advice firms.

Two men have been charged with defrauding Allied Irish Banks and Bank of Scotland (BoS).