Just under £5m has been paid out by the FSCS in claims against two IFA brothers who ran a £17 million scam.

The Financial Ombudsman Service will appoint an independent person to lead an investigation into allegations aired in a TV documentary, it has revealed, while a committee of MPs said staff had laid bare tales of "low morale and dismay" about "poor culture".

Bosses who have jeopardised defined benefit pension schemes could be fined retrospectively, Secretary of State Esther McVey has announced.

Two leading Financial Planning firms have exclusively told Financial Planning Today magazine the story behind their recently announced merger.

The Woodford Equity Income Fund has been ejected from the Investment Association’s Equity Income sector.

The FCA has appointed two new financial advice bosses.

The FCA has found that about 63% of defined contribution pension holders only have low or moderate confidence in their provider.

Robo-advice is failing to win the trust of consumers despite massive advertising, a new poll has shown, falling well below human advisers.

The FCA has found that more than seven in ten adults fail to realise there are any charges levied on their pensions.

The FCA today set out how and why it makes decisions on fines, bans and other sanctions and punishments.