Barclays Bank has agreed to compensate some customers affected by its takeover of ING Direct UK, if the move compromises savers' protection under the Financial Services Compensation Scheme (FSCS).
The number of advising staff working in financial advice firms fell 9% last year, according to figures put together for the Association of Professional Financial Advisers (APFA).
Regulators will establish a dedicated wealth management department within the incoming Financial Conduct Authority (FCA) that will help "intensify" the regulatory focus on the sector.
A suite of simple products designed to help consumers navigate the financial services market is to include a whole-of-life insurance plan.
The government has opened the applications process for consumer bodies representing small and medium sized (SMEs) businesses to become 'super complainants' to the Financial Conduct Authority (FCA).
Aviva has scrapped plans to add a group ISA and group SIPP to its employee benefits platform, Work:Life.