A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.
The Association of Independent Financial Advisers (AIFA) is to change its name to the Association of Professional Financial Advisers (APFA).
The Financial Services Consumer Panel (FSCP) has downplayed prospects of a cap on liability for financial advice, indicating it would strongly oppose any reintroduction of the 15-year long-stop.
A Conservative Party treasurer has called on the government to compete with offshore tax havens by easing the tax burden on wealthy foreigners who invest in hedge funds.
A former minister who lost his job in the reshuffle has criticised the government for failing to deal with the burden of long-term care costs, suggesting the Treasury has "no sense of urgency" about the issue.
The Financial Services Authority (FSA) has again pledged to leave the door open to the possibility of reintroducing a 15-year long-stop on client complaints, though it continues to doubt the benefit of doing so.
The Financial Services Authority (FSA) has fined IFA network Pi Financial £58,300 for advising its clients to invest in high risk products which were "clearly" unsuitable.