The Financial Services Compensation Scheme (FSCS) plans to collect a levy of £287m from firms in 2015-16, as it prepares for a rise in claims related to self-invested personal pensions (SIPPs).

Restricted adviser network Sesame would be broke and unable to trade without the continued financial support of its parent company Friends Life, Aviva has said in a note to shareholders ahead of its planned acquisition of the provider.

Investors who lost money in failed property scheme Arck may finally find out if they will receive compensation when the Financial Services Compensation Scheme (FSCS) issues an update in March.

Three IFAs are taking their case to the Court of Appeal in a bid to overturn a High Court ruling backing a Financial Ombudsman (FOS) decision that they should pay clients compensation for advice to invest in failed firm Keydata.

The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery.

The sharp fall in the UK inflation rate is not cause for concern, Chancellor George Osborne will say in a speech later today.

An unauthorised forex trader has been found guilty of fraud in a case brought by the Financial Conduct Authority (FCA).

Standard Chartered has said it will shut its equities business and axe jobs as it continues in its attempts to cut costs in order to boost its bottom line.

Five fund houses predict the future for 2015

A financial adviser who was jailed for stealing from his pensioner clients has been banned from working in financial services by the Financial Conduct Authority (FCA).