Regulation

The boss of a futures brokerage has pleaded guilty to embezzling over $100m from 24,000 customers in the US state of Iowa.

The Financial Services Compensation Scheme (FSCS) is to begin sending application forms to customers of Pritchard Stockbrokers Limited in the comings weeks so they can claim compensation.

FIVE THINGS

Her Majesty's Revenue & Customs (HMRC) claimed back almost £90m last year by challenging the inheritance tax (IHT) valuations on the property of people who died, figures show.

CONDENSED

WHAT I REALLY THINK

HM Revenue & Customs (HMRC) has recovered more than £26m in missing inheritance tax (IHT) in the last year with the aid of new software.

The Financial Services Authority (FSA) is understood to be examining the contents of a letter sent out by an IFA suggesting clients wanting to switch pension provider do so ahead of the upcoming commission ban, because it would be cheaper for them.

The Financial Services Authority (FSA) has spent an average of more than £1m annually in the last six years on the services of 'headhunting' businesses, tasked with finding suitable candidates for senior positions at Canary Wharf.

The Federal Reserve has unleashed a third round of quantitative easing (QE) to support the US economy following a wave of poor data and a weakening labour market.