Financial services

Our round-up of the Chancellor George Osborne's key points...

The Financial Services Authority (FSA) said it estimates half of all funds held in the UK traded life settlement policy market are in investments which are in "difficulty".

The Financial Services Authority (FSA) has said it plans to ban the sale and promotion of 'toxic' traded life settlement policies because they are high risk and generally unsuitable for the majority of UK retail investors.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. We can now exclusively reveal the full list.

UK banks are coming under renewed regulatory pressure to curb dividend and bonus payments to prepare for a disastrous euro break-up.

Margaret Cole, managing director of the FSA's conduct unit, has pledged to MPs the regulator will look again at how Capita calculated redress for Arch cru investors under its £54m payment scheme.

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch cru debacle.

The FSA has appointed Sir Nicholas Montagu as chairman of the Financial Ombudsman Service to act as "customer-service champion".

Prime minister David Cameron will today be forced to answer calls for a government inquiry into the failure of Arch cru and the fairness of the redress scheme set up to compensate investors.

The Financial Ombudsman Service (FOS) has revealed the details of a provisional judgement against an IFA who invested clients in Arch Cru.