A former IFA has been jailed for ten years for defrauding investors of at least £3.5m in what has been branded a "classic Ponzi scheme".

A former Legal & General (L&G) adviser faces jail after being found guilty of stealing nearly half a million pounds from an elderly couple.

Structured product sales strategies under the spotlight

Providers of structured products need to better assess if the investments are value for money for investors who struggle to understand them and tend to significantly over-estimate returns, the regulator has said.

Aviva has said it expects its acquisition of rival Friends Life to generate extra revenue of £600m over the next two years, including and cost savings for the company of £225m.

The convicted fraudsters behind failed property investment Arck have been banned from being company directors for a total of 29 years.

Banker's Umbrella: A heartfelt defence of offshore banking

Arch cru investors have been told they must continue to wait to get back what value there is left in the failed fund range, as the liquidation process looks set to drag on beyond this year.

Financial advisers could be on the hook for hundreds of millions of pounds after the latest twist in the Harlequin saga in which the Financial Services Compensation Scheme (FSCS) has written down the value of the investment to nil.

An unidentified problem at Fidelity FundsNetwork caused £50,000 to temporarily ‘disappear' from view from an advised client's portfolio.