The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.

The FCA has told firms to do more to ensure politicians, senior public servants and their families are not treated unfairly.

The soaring cost of regulation came home with a thump with a report this week from the FCA that its average salary is now over £71,000 a year - more than double the mean UK average.

The average salary at the FCA has risen by an average of 4.8% this year to £71,290, with some younger staff members receiving an 11.2% increase.