Regulation

Five colleagues of the hedge fund fraudster Bernard Madoff are awaiting trial on Tuesday, following a five-year probe into one of the biggest Ponzi schemes in history.

The Financial Services Compensation Scheme (FSCS) has paid out more than £4.5bn compensating almost 230,000 customers of collapsed Icelandic bank Icesave, it has revealed.

IFA Willow Financial has been forced into administration over £1.5m in liabilities relating to its Arch Cru advice - but has been bought back by some of its former partners at a knock-down price, and they won't be footing the bill for claims.

The Financial Conduct Authority (FCA) has launched a review of the execution-only market, examining all aspects of the industry including looking at buy lists for the first time.

DEAR MR...

The number of offers of redress from banks to customers who took out interest rate hedging products is set to increase "rapidly" over the coming months, the Financial Conduct Authority (FCA) has said.

New laws passing through Parliament could see bankers found guilty of "reckless misconduct" jailed for up to seven years.

National IFA Positive Solutions has accepted it made a mistake when one of its former advisers recommended a client invest in troubled Harlequin Property - and has offered to pay back the amount invested with interest, IFAonline understands.

Consumer attitudes towards financial services businesses have changed irreversibly, the chief executive of the Financial Ombudsman Service (FOS) has said.

The Financial Conduct Authority (FCA) has fined Axa Wealth Services £1.8m for failing to ensure it gave suitable investment advice to its customers.