Devon financial adviser Mark Anthony Jensen has been banned by the FCA after he was found guilty of £1.2m worth of fraud and jailed for more than five years.

West Country Financial Planning firm Old Mill has handed £50,000 to local good causes through its charitable fund which has awarded 40 grants and supported more than 4,000 people across Somerset, Devon and Wiltshire in three years.

Chartered Financial Planner Fairstone has acquired Devon IFA firm Sabre Financial, adding £200m in Funds Under Management to the group.

The City of Plymouth Credit Union Limited in Devon has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door to members to claim compensation expected to be in the region of £1.2m in total.