The number of calls to the Financial Conduct Authority (FCA)'s ‘whistleblower hotline' to report suspected malpractice in the financial services industry has jumped 23% in the last year, according to figures obtained by law firm RPC.

The Royal London group has agreed with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and subsidiaries for an undisclosed sum.

The Financial Conduct Authority (FCA) has banned former investment consultant Rahul Shah for encouraging another person to engage in behaviour which, if engaged in by Shah, would amount to market abuse.

The chairman of UK Financial Investments, the body responsible for the government's stake in RBS and Lloyds, has warned the former could face further fines from regulators over sales linked to the US sub-prime mortgage crisis.

Network Pi Financial has lost another case at the Financial Ombudsman Service (FOS), this time over advice one of its appointed representatives gave to a World War II veteran to invest £90,000 in an unregulated collective investment scheme (UCIS).

An offshore tax avoidance scheme used by Aberdeen Asset Management to pay its employees tax-free bonuses has been closed by Scotland's most senior court.

The chief executive of taxpayer-backed Lloyds Banking Group is set to be awarded a bonus worth about £2.5m next month as the lender continues its recovery from the 2008 financial crisis.

Skandia has abandoned plans to buy small stakes in IFA firms following conversations with the Financial Conduct Authority (FCA) in which the regulator said it was "uncomfortable" with the idea.

Barclays is considering controversial plans to avoid a new bonus cap from Brussels.

St. James's Place, the wealth management group, has reported funds under management of £41.8bn, up 5% over the three months ended 30 September 2013, and 20% since the start of the year.