The Financial Services Compensation Scheme has so far recovered £44 million from its legal case against advisers which sold Keydata products and from its holding in Luxembourg-based life settlement fund Lifemark.
Standard Life will introduce a £100 monthly fee for smaller schemes following the annoucement of a 0.75% charge cap.
The Financial Conduct Authority has published warning notices against two insurance brokers who failed to ensure proper controls in managing client money.
The consumer price index (CPI) fell to 1.6% in March, down from 1.7% in February, according to the Office for National Statistics (ONS).
The Financial Services Compensation Scheme has hiked its levy on advisers for 2014/15 to £112 million.
Shares gained yesterday as earnings from Coca-Cola Co. and Johnson & Johnson overwhelmed concerns that tensions in Ukraine are worsening.
And a let-up in petrol price rises helped UK inflation fall to 1.6% in March from 1.7% in February.
Slowing demand for metals and poor UK retail sales data weigh on the FTSE 100, but another drop in inflation causes sterling to jump.
Aviva Investors has hired Mark Versey, formerly chief investment officer at Friends Life, as director of client solutions.
A boiler room fraudster has been sentenced for four and a half years for his part in a £4 million scam.
Barclays has hired Standard Life's Crawford Gillies as its new remuneration chief following shareholder anger at the bank's bonus payouts.
And Google has bought drone manufacturer Titan Aerospace, as both Google and Facebook are racing to provide internet access with aircraft.
Investors shrugged off geopolitical tensions to buy equities after receiving a boost from solid earnings from Citigroup and a strong pick-up in retail sales last month.
Reassuring results from banking giant Citigroup buoy markets rally after the worrying developments in the Ukraine.
The Financial Conduct Authority is set to launch a consultation to stop providers charging high rates for its customer services phone lines.
Social media network Facebook is set to enter the financial services market by launching an e-money facility.
Platforms Nucleus and Cofunds are set to make changes to the way they facilitate adviser charging in an effort to tackle potential tax penalties for clients.
Old Mutual Wealth is reviewing the management of network Intrinsic’s fund range Cirilium in a move which may see Henderson Global Investors lose the mandate.
Canada Life customers who were in their cancellation period on Budget day will have until 25 April to cancel their annuity.
Sifa chairman Ian Muirhead is looking to form an accreditation scheme for financial advisers who specialise in personal injury work.