The Money Advice Service (MAS) made a loss of £786,000 last year and has confirmed it will not return any capital to the industry.
Outgoing Financial Conduct Authority (FCA) chief executive Martin Wheatley has said he is "disappointed" to be leaving the regulator and will leave behind a "sense of unfinished business".
Advisers and other financial services stakeholders have questioned the relationship between the Treasury and the Financial Conduct Authority (FCA) following chief executive Martin Wheatley's somewhat surprising exit from the watchdog.
Five key announcements advisers can expect from George Osborne
The Financial Conduct Authority (FCA) has confirmed its final rules on pension transfer advice following the freedom and choice reforms.
Consumer champion Which? was one of just two organisations told about the pension reforms before last year's Budget, the organisation's executive director has said.
Ex-Treasury minister Mark Hoban is to quit parliament from May.
Financial advisers look set to share a collective guidance guarantee bill of £4.2m in 2015-2016, according to government forecasts.
The government has recovered a further £1.3bn from the Landsbanki estate in Iceland, which operated as Icesave in the UK, following its collapse at the height of the financial crisis.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.