Former Pensions Minister Baroness Ros Altmann has told Financial Planning Today she is “absolutely shocked” about claims of failings at the Financial Ombudsman Service.

A fraudster sent to jail after he used clients’ millions to fund a lavish lifestyle today pleaded guilty to perverting the course of justice.

The Treasury has today launched an independent review of the prudential supervision of the Co-operative Bank between 2008 and 2013.

The FCA has banned and fined a former Deutsche Bank short-term interest rate derivatives trader.

The FCA has told managers of 64 funds to make it “clearer” to consumers how constrained they are, it has been revealed.

The FSCS is investigating the impact for clients of Beaufort Securities Limited (BSL) and Beaufort Asset Clearing Services Limited (BACSL) after the FCA imposed sweeping restrictions on Friday.

A client who suffered a devastating car accident shows how DB transfers can change lives for the better, a Chartered Financial Planner says.

Cashflow modelling is the “only authentic way” to assess a client’s risk.

Firms must inform consumers how much they could gain from shopping around and switching provider before they buy an annuity, under new rules which take effect today.

A finance firm must pay £169m in compensation and a £2m fine for failing to tell customers the full cost of a product.