Retirement Planner's round-up of this week's key news stories...
It's our quick-fire round-up of the stangest retirement and pensions news this week...
Shares in major UK banks have plunged following reports Chancellor George Osborne will force lenders to ring fence their retail arms.
Former chartered surveyor Ian McGarry, jailed yesterday for seven years for his part in a £50m mortgage fraud, is to appeal the sentence, which his solicitor branded as "manifestly excessive".
Partnership has launched an equity release product offering better rates for those suffering from conditions such as diabetes or cancer.
The FSA has been urged by the Council of the Residential Property Surveyors Association (RPSA) to investigate lenders for failing to advise borrowers they must obtain their own housing survey.
The FSA has raised concerns over the implementation of key European directives including MiFID and the proposed regime for packaged retail investment products (PRIPs).
Graeme Ashley-Fenn, head of the authorisations division at the FSA, has left the regulator for personal reasons.
John McFarlane, previously CEO of Australian banking giant ANZ, is being lined up to replace Lord Sharman of Redlynch as chairman of Aviva in June next year.
LighthouseCarrwood, a subsidiary of Lighthouse Group which provides financial planning services to professional practices, has been appointed by Dains Chartered Accountants to provide independent advice to its clients.