HSBC

Banking giant HSBC has been told to return the trail commission it took from a retiree for ongoing pensions advice it never delivered.

Two directors of HSBC's UK arm are poised to quit in protest at new Bank of England rules that pave the way for lengthy jail sentences to be imposed on senior managers of failed lenders, according to reports.

HSBC has vowed to fight a $250m (£151m) lawsuit brought against it over its alleged involvement in the Keydata scandal.

More than 130 businesses have signed a letter saying the business case for Scottish independence "has not been made".

In this week's Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

The scale of commissions taken by HSBC bank advisers for one-off pension transfer work has been revealed in a judgement delivered by the Financial Ombudsman Service (FOS).

Jupiter's Merlin multi-manager team have added Neil Woodford's equity income fund to their portfolios as they back the manager's new project from launch.

High street banks are using Wonga-style bullying letters to chase customers for payments.

Banks have paid out a total of £482m in redress to those they have missold interest rate hedging products, figures from the Financial Conduct Authority (FCA) show.

HSBC shares have fallen almost 5% after full-year results failed to meet market expectations.