Investors in the failed Arch cru fund range have received a further return of £17.6m of their capital as the directors now at the helm wind down the company.

The Co-operative Bank reassured pensioners that their investments were safe a month before announcing plans to slash their savings as part of a last-ditch bail-out.

Troubled overseas property company Harlequin is in "advanced discussions" with investors over its further funding and a company restructure, according to a law firm involved in the talks.

Staff costs at the regulator were £15.4m higher than budgeted for following its decision to make a one-off contribution of £22m to reduce its defined benefit pension scheme deficit.

Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.

The government plans to legislate for the lifting of NEST's contribution cap and transfer restrictions in 2017.

The government plans to scrap what it has branded the "failed" approved person regime in financial services and replace it with a new senior persons regime.

Litigation lawyers Harcus Sinclair have written to Capita Financial Managers Limited (CFML) notifying them of a claim against them in respect of a number of ‘sample' Arch cru clients.

The Financial Services Compensation Scheme (FSCS) has revealed it has paid out £25m in compensation to investors in Arch Cru and £1.8m over Keydata this financial year.

The auditor of the suspended EEA Life Settlements fund has said the portfolio is worth $100m less than the value recorded in the company's financial statements.