London Capital & Finance (LCF) investors have hired a legal firm to bring a formal complaint against the Financial Conduct Authority.

Quilter Private Client Advisers’ has won part of its legal case against a former adviser employee but the high court found its restrictive covenants were excessive and not enforceable.

The FCA said today it would take legal action over business interruption (BI) insurance after concerns some insurers were failing to pay out or dragging their feet on claims.

MoneySavingExpert’s Martin Lewis has revealed the “anxiety” he felt over his legal action against Facebook left him “shaking.”