One of five Oxbridge-educated fraudsters - who conned wealthy individuals to invest £65m in fake “green” projects - has been sentenced to an additional eight years in prison this week for non-payment of a £2.7m Confiscation Order.

The Government has issued a new Financial Bill which includes the legal mechanism for the abolition of the pensions Lifetime Allowance (LTA).

Proposals from the FCA would require investment advisers to set aside a minimum of 28% of potential liabilities in advance to compensate investors if bad advice is given.

The FCA’s plans to make investment advisers set aside funds in advance to compensate investors if bad advice is given have been cautiously welcomed by Financial Planners.

Under-fire Hargreaves Lansdown (HL) chair Deanna Oppenheimer has unexpectedly announced today that she will step down from the role and will be replaced by Alison Platt, a former chair of L&G Financial Advice and former CEO of advice network Countrywide.

The FCA has today published proposals to compel investment advisers to set aside funds in advance to compensate investors if bad advice is given.

The FCA has launched a package of measures to improve the 'trust and transparency' of sustainable investment products and tackle 'greenwashing.'

The top open market annuity could pay £662 more a year over a typical 20-year period than the worst-paying, according to Canada Life.

Some 160,000 financial services workers need their skills upgraded according to a new report which suggests that improving workers could provide an additional £555m a year to the UK economy.

Financial Planners and advisers need to improve their approach to retirement income suitability assessments by considering clients' financial personality, such as whether they are spenders or savers.