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Hector Sants has announced he is to quit as the head of the FSA in the summer.

The Financial Services Authority (FSA) spotted flaws with the Arch cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

The Financial Services Authority (FSA) has censured Bank of Scotland for failings within its Corporate Division between January 2006 and December 2008.

Pritchard Stockbrokers has gone into administration, the FSA has confirmed.

The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.

The Financial Services Authority (FSA) has published final rules on the use of market value reductions (MVRs) by with-profits providers.