The Financial Ombudsman Service will appoint an independent person to lead an investigation into allegations aired in a TV documentary, it has revealed, while a committee of MPs said staff had laid bare tales of "low morale and dismay" about "poor culture".

The FCA has appointed two new financial advice bosses.

The FCA has found that more than seven in ten adults fail to realise there are any charges levied on their pensions.

The FCA today set out how and why it makes decisions on fines, bans and other sanctions and punishments.

The Financial Ombudsman Service has hit back over a Channel 4 documentary aired last night, saying it provided an “unfair impression” of the organisation.

The FCA has launched a national debate on improving behaviour in financial services by “transforming culture.”

Former Pensions Minister Baroness Ros Altmann has told Financial Planning Today she is “absolutely shocked” about claims of failings at the Financial Ombudsman Service.

A fraudster sent to jail after he used clients’ millions to fund a lavish lifestyle today pleaded guilty to perverting the course of justice.

The Treasury has today launched an independent review of the prudential supervision of the Co-operative Bank between 2008 and 2013.

The FCA has banned and fined a former Deutsche Bank short-term interest rate derivatives trader.