Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War 2 veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

The winners of this year's Personal Finance Society (PFS) chartered awards were revealed at a gala dinner last night at the ICC in Birmingham.

Yorkshire Bank has said it will respond to investor claims it was negligent in relation to failed investment Arck by the end of the month - the latest date possible under legal rules.

The High Court has given the go ahead to around 550 investors to pursue Capita over losses they incurred when Arch Cru collapsed.

Network Sesame has confirmed that it is planning to drop its independence mandate for investment and pension advice and move to a ‘whole of market' restricted proposition in 2014.

IFA 20Twenty Independent has entered voluntary liquidation after a spate of claims against it relating to a film tax avoidance scheme.

The ex-directors of failed unregulated collective investment scheme (UCIS) Arck received in excess of £4m from the business before it collapsed, according to a liquidator's report.

The Co-operative Group was scrambling late on Monday to convince the 4.6 million customers of its banking arm that its ethical stance could survive aggressive US hedge funds taking a stake in the troubled bank.

Royal London's Ascentric wrap platform has achieved a third quarter of record net new business, with £1.25bn of new assets for the year to date.

Around 200,000 HSBC customers who bought investments after being advised by sales staff in high street branches could be in line for compensation after a mystery shopping exercise by investigators from the Financial Conduct Authority (FCA).