An action group set up to claw money back from the suspended traded life settlement fund EEA is urging investors to apply to redeem up to 5% of their shares, before the deadline of 28 November.

Around 8,000 investors have put their name to a lawsuit claiming Lloyds misled shareholders ahead of the bank's acquisition of HBOS six years ago.

Regulators have fined the Royal Bank of Scotland (RBS), NatWest and Ulster Bank £56m for IT failures which meant customers could not access banking services.

Kames Capital chief executive Martin Davis has hit out at a recent Consumer Panel report that was highly critical of the structure of fund charges as "over-simplistic" and another "rant".

Poor advice claims that have cost restricted national adviser Origen at least £3m in reviews and redress are the fault of advisers who have exited the firm, not the current team, business development director Mark Pearson has said.

Prudential has been paid £155m for the sale of its 25% stake in PruHealth and PruProtect to South African insurance group Discovery.

A further 12 advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

All seven product providers featured on Sesame's restricted advice panel have denied breaching the regulator's rules on inducements, after the network was fined £1.6m for selling spots to the highest bidders.

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

Sesame, the UK's largest network of financial advisers, has been fined £1.6m by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme that undermined RDR rules.