The FCA has fined Tesco Personal Finance plc (Tesco Bank) £16.4m over failings relating to a cyber attack in November 2016.

The administrators of a master trust failed to report their failure to collect or invest nearly £900,000 of auto-enrolment pension contributions on behalf of their members.

Fining firms is only part of the solution to rooting out misconduct in the financial system, the FCA has said.

A company director who ran a financial advice firm has been banned and fined £29,300 by the FCA for falsifying qualifications.