The Financial Conduct Authority has fined financial data provider Equifax Ltd £11.164m for cyber-security failures which exposed the records of 13.8 consumers.

The Financial Conduct Authority has confirmed that it will investigate a ‘cyber security’ break at data provider Equifax which hit nearly 700,000 UK consumers.

New pension investments (excluding transfers) jumped by over a third (36.8%) during Q1 2017, rising to £6.8bn from £5bn in Q4 2016.