Sesame has been fined £6m by the Financial Conduct Authority for failing to ensure customers were given suitable advice and for poor systems and controls.
Members of mutual insurer Royal London have voted overwhelmingly in favour of proposals to buy the life insurance and asset management businesses of the Co-operative Banking Group.
The Association of Investment Companies has welcomed the FCA's confirmation that Venture Capital Trusts and offshore investment companies will not be subject to the UCIS ban.
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