A former investment banker and his wife have been ordered to pay more than £1.5m for their benefits from insider dealing and warned they may have to serve extra jail time if they fail to do so.

F&C has launched a Junior ISA, giving access to its range of investment trusts for the 2012-2013 tax year.

FIVE THINGS

The Financial Services Authority (FSA) is launching a series of seminars to explain its latest guidance on centralised investment propositions (CIPs) and replacement business to financial advisers.

CONDENSED

A compliance officer has received a partial prohibition from the Financial Services Authority (FSA) for failing to prevent unregulated collective investment scheme (UCIS) mis-selling by one of his firm's directors.

Friends Life has appointed former Phoenix Group boss Jonathan Moss as CEO of its heritage division.

The Money Advice Service (MAS) referred just 0.2% of its 1.3 million users to regulated financial advice last year, it has been revealed.

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split the Friends Life business after revealing a 58% fall in profits.