lawyers

An independent inquiry into the Financial Conduct Authority's (FCA) release of information about its investigation into the fair treatment of long standing life company customers could cost up to £10m, according to a costs lawyer.

A former accountant for Bernard Madoff was arrested on Thursday, nearly five years after the fraudster's huge Ponzi scheme was uncovered, an FBI spokesman said.

A law firm which presided over the disappearance of €9.8m (£8.4m) from a global property fund sold through IFAs has been told it must pay back the missing money, a judge ruled today.