Parliament

Pensions minister Steve Webb faced questions in Parliament yesterday over the Department for Work and Pension's (DWP) stance on scheme charges.

The Financial Conduct Authority (FCA) has welcomed the parliamentary commission on banking standards' (PCBS) recommendations for reforming the banking sector.

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New laws passing through Parliament could see bankers found guilty of "reckless misconduct" jailed for up to seven years.

Labour MP Paul Blomfield will introduce a private members bill on Wednesday with the aim of creating a harsher regulatory environment for payday lenders.

Yorkshire Bank has "serious questions to answer" over failed property scheme Arck LLP - now under investigation by the Serious Fraud Office (SFO) - which left investors millions of pounds out of pocket, an MP has said.

MPs on the Work and Pensions Committee have welcomed the government's move to ban consultancy charging on auto-enrolment schemes.

Phil Hodkinson, the former finance director of HBOS, has bowed to pressure and resigned as senior independent director of Resolution, the life assurance group .

The Financial Services Authority (FSA) failed consumers and the Financial Conduct Authority (FCA) must take a "radically different approach" to regulation, a group of influential MPs has said.

The government has given its backing to the Money Advice Service (MAS), in spite of growing discontent with the industry-funded operation within Westminster.