Regulation

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.

The benefit cap has been implemented in 4 London areas, the Department of Work and Pensions (DWP).

Advisers could face a higher levy from the Financial Services Compensation Scheme (FSCS) under proposals for a new funding model.

The Financial Conduct Authority (FCA) has confirmed its levy for the coming year will be £432.1m, with financial advisers contributing 9% of the total.

More than £10bn has now been returned to payment protection insurance (PPI) policyholders by the banks and building societies that mis-sold it to them, according to the latest figures from the Financial Conduct Authority (FCA).

The UK economy delivered growth of 0.3% in the first quarter of the year, the final reading from the Office for National Statistics has confirmed, but revisions to previous readings mean there was no 'double-dip' recession.

The £2bn payday loans industry has been referred for a full-blown investigation by the competition commission over concerns that firms benefit hugely from loans that borrowers can't pay back on time.

Chancellor George Osborne has said he will cap the country's welfare budget each year for the next four years from April 2015 - but the state pension will not be included.

Paul Tucker, deputy governor for financial stability at the Bank of England, is to leave later this year after more than 30 years of service.

The Labour party is considering a regional benefits cap alongside its possible cap on the basic state pension, shadow chancellor Ed Balls has announced.