Resolution has confirmed its chairman Mike Biggs will leave the company after its governance overhaul.

Sun Life Assurance Company of Canada (UK) Limited (SLOC UK) has been fined £600,000 by the Financial Services Authority (FSA) for failings in the governance of its with-profits business.

RSM Tenon Group has posted revenues down 8.8% to £208m after a "really tough" year which saw 400 staff made redundant.

Consumers who have suffered financial harm will be compensated quicker through the Financial Conduct Authority's (FCA's) enforcement process.

The 'elitist' Retail Distribution Review (RDR) should be delayed to avoid the destruction of the financial advice industry, according to Lord Flight.

Prime Minister David Cameron has warned the UK is facing an "hour of reckoning" in his speech to the Conservative Party conference.

Barclays has bought ING Direct UK in a deal which has given it £10.9bn in customer deposits and a £5.6bn mortgage book.

The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to business secretary Vince Cable.

Providers will scramble to buy distribution ahead of the Retail Distribution Review (RDR) and will buy up IFA businesses "left, right and centre", delegates at this year's Institute of Financial Planning (IFP) conference heard today.

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority (FSA) head of conduct Martin Wheatley.