A further 12 advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

Bank of America has set aside $400m (£253m) due to rising litigation costs associated with an investigation into foreign currency manipulation at the bank.

All seven product providers featured on Sesame's ‘focussed' restricted advice panel have denied breaching the regulator's rules on inducements, after the network was fined £1.6m for selling the coveted spots to the highest bidders.

Britain's economy is cooling but will continue to be among the strongest in the developed world in the coming years, according to experts.

Thousands of savers face being hit with fines from the taxman for using their pension like a cash machine for the first time.

Yorkshire Bank has been accused of failing to help investors who lost money in failed property firm Arck, despite setting up a dedicated "support scheme" brokered by the Financial Conduct Authority (FCA), prompting a lawyer to raise the issue with MPs....

P2P in ISAs: Advisers on risk vs reward

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that "undermined the ban on commission payments brought in by the Retail Distribution Review (RDR)"....

Past and present appointed representatives (ARs) of Sesame have expressed their anger at being told advice previously passed by the network as suitable has now been deemed wrong in a widespread review following a £6m fine from the regulator.