Many Keydata investors have not received their monthly income payments in November, with administrators unable to confirm when the money might resurface

PADA expects to finalise its recommended investment approach by the summer of 2010.

The deadline for submissions to the Professional Adviser Awards is looming.

Steve Bee is to begin working on a new adviser-focused pension proposition in the New Year.

Banks have won the latest stage in the battle of unauthorised overdraft charges.

City minister Lord Myners has defended the emergency loans totalling £61.6bn that were handed to the Royal Bank of Scotland and HBOS at the height of the financial crisis last year, as the political row over the secrecy surrounding them intensified.

Steve Bee is to leave Scottish Life at the end of January, after 12 years with the firm.

The Liberal Democrats have proposed creating a national infrastructure fund, open to institutional and retail investors, to replace Private Finance Initiatives (PFI).

A German bank employee dubbed the ‘Robin Hood banker' has been given a 22-month suspended prison sentence for secretly transferring money from the accounts of well-off customers to those of poorer clients.

European shares were lower this morning in early trading (FTSE Eurofirst 300 -0.6%; FTSE 100 -0.6%).