Chairman of the Treasury Select Committee Andrew Tyrie MP has criticised the Financial Services Authority for failing to fine the Bank of Scotland.

The Financial Services Authority has judged the Bank of Scotland to be guilty of ‘very serious misconduct’ and has issued a public censure.

Sipp provider Hornbuckle Mitchell has appointed Alasdair MacSporran as product manager for its new online Sipp proposition.

A quarter of people believe interest rates have risen over the past 12 months, despite them remaining the same for three years.

Skandia is consulting financial advisers on proposals to give customers greater access to its Investment Solutions platform.

The mastermind of a £115m Ponzi scheme has been sentenced to 14 years and six months in prison, according to the BBC.

Aviva has reported an eight per cent growth in UK life and pension profits from £850m in 2010 to £920m in 2011, according to its preliminary results today.

The Bank of England has held the base rate at 0.5 per cent today and made no increases to the asset purchase programme.

Financial adviser has been voted one of the top five business jobs in America, according to American newssite US News.

The mastermind of a UK Ponzi scheme has pleaded guilty to the fraud which robbed 800 victims of £115m.