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HSBC has announced it will take responsibility for all customers mis-sold investment products by NHFA, a care fees advice business it acquired in 2005.

Changes to rules around withdrawing small pension pots as lump sums could lead to large scale abuse of the system, Hargreaves Lansdown has warned.

Collapsed private debt management firm DebtDr owes £600,000 to its clients, a BBC investigation has revealed.

Around two thirds of people disagree with the attitude to risk given to them by risk profilling tools, Axa Wealth has claimed.

Banks must stop cross-subsidising products to claim some of them are free, a Financial Services Authority (FSA) director has said.

The FSA wants whistleblowers to come forward – it even has a hotline – but is reluctant to act on the information it receives.

The Association of British Insurers (ABI) has criticised the Financial Services Authority's vision for simplified advice and called for a "triage" system to assess investors' suitability for the service.

The regulator has said it will consult on developing inflation-adjusted point-of-sale illustrations for personal pensions.

Standard Life has proposed to cut 95 members of staff from its UK customer service department.

Consumers are likely to reject simplified advice and advice where they must pay a fee upfront, research from the Association of British Insurers suggests.