Three new directors have been appointed to the Financial Conduct Authority board by the Treasury.

Four directors of companies involved in the transfer of £57m of pension pots - much of it into SIPPs - have been banned for a combined 34 years following an Insolvency Service investigation.

The Financial Planning Standards Board, owner of the Certified Financial Planner certification outside the United States, is hunting worldwide for a new director to join its international board.

The Government should create a new, single authority with the power to punish negligent directors, according to the Investment Association.