An accountant has been jailed for more than three years after he fraudulently took more than £290,000 from a pension scheme.

A recently-published court ruling could open HMRC up to new claims from investors who accidentally lose lifetime allowance ‘protection’ by forgetting to stop paying contributions to their schemes.

A carbon credit fraudster sentenced to eight years in prison in his absence in January is believed to be now running a business in Dubai and is wanted by police.

The FCA has today confirmed the start of High Court proceedings against two executives and their firms.