The FCA has appealed for people affected by the collapse of Connaught Income Fund Series 1, which went into administration in 2012 and cost investors £100m, to come forward to help the investigation.

The FCA has given two company executives until 1 February to pay £80m in fines.

A convicted fraudster who spent millions on a lavish lifestyle - including a luxury home in plush Sandbanks and a Ferrari after conning investors out of more than £21m - has had a confiscation order against him increased from £1 to £31,905.33.

Former Financial Services Authority chief executive Hector Sants has been appointed the first chairman of the new single financial guidance body (SFGB).