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Wealth manager The Inspire Group has said it plans to acquire some 20 IFA businesses over the next 18 months, with the aim of accumulating assets in excess of £1bn and making it a major player in the IFA sector.

The Office of Fair Trading (OFT) has told the country's 50 leading payday lenders that they have 12 weeks to change their business practices or risk losing their licenses.

Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.

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Standard Life has confirmed that trail commission will be switched off on 12 of its legacy products where clients increase or restart regular payments, even if the activity is non-advised.

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR) scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

Networks Openwork and Sesame saw complaints against them at the Financial Ombudsman Service (FOS) rise in the second half of last year, with Sesame receiving over 90% more claims.

Hargreaves Lansdown co-founder Stephen Lansdown has joined Peter Hargreaves as a member of the Forbes list of billionaires.

Tyneside-based Moneygate Group has purchased a minority stake in and formed a partnership with a high net worth financial planning firm Group Rapport.