The Financial Services Compensation Scheme has revealed that it has so far paid out £22m to the 16,000-plus victims of the Beaufort DFM collapse.

A new study has shown a dip in demand for financial services for the first time in five years.

“Off-the-scale workloads and out-of-touch senior management” have been identified as the key causes of financial services staff stress and mental ill health in a new survey.

Billionaires around the world saw their wealth increase in 2017 to a record £6.8 trillion held by 2,158 individuals.