A former tied adviser who defrauded a friend out of £22,000, pocketing £10,000 for himself, has escaped jail but must repay the money.
Personal Touch Insurance has come up with a novel way to encourage new members into the network and launched an initiative to hold a series of reunions for former direct sales force colleagues.
The FSA has hit Zurich subsidiary Allied Dunbar Assurance with a £725,000 fine for failing to properly review claims of endowments mis-selling.