Accountancy firm PwC has today been fined £15m for failing to alert the FCA to suspected fraudulent activity at £237m failed mini-bond firm London Capital & Finance plc.

Discretionary wealth manager Quilter Cheviot has teamed up with the Big Four accountancy firms to help the accountants’ employees and families manage their investment portfolios.

Consumer lifeboat service the Financial Services Compensation Scheme (FSCS) has awarded the contract for its core claims handling to professional services giant PwC.

Some 160,000 financial services workers need their skills upgraded according to a new report which suggests that improving workers could provide an additional £555m a year to the UK economy.