Finance

Consumers will get better protection when buying add-on insurance for items including cars and holidays under a shake-up planned by the Financial Conduct Authority (FCA).

Consumers using peer-to-peer firms will be better protected when lending and borrowing money under new rules coming into force next month.

Payday loan adverts from Wonga, Pounds to Pocket and Peachy.co.uk have been reported to the advertising watchdog by Citizens Advice.

All the major banks have either replaced or shaken up the bonus schemes that played a big role in past mis-selling scandals – but some are still using high-risk schemes, the banking watchdog says.

NatWest, RBS and Ulster Bank are banning introductory bonus rates to get back to basics with simpler products. But MoneySavingExpert.com creator Martin Lewis says the move could result in even lower returns and less certainty for savers.

Payday lenders will have to make sure their customers can afford their loans and face having misleading ads banned under new rules to crack down on the industry.

The number of people experiencing problems with payday loans soared last year, according to leading debt charity StepChange.

Don't throw financial circulars away thinking they're junk – you could be one of up to seven million people being sent claim forms to get money back from mis-sold Card Protection Plan (CPP) credit card and identity protection policies.

Around 34,000 mortgage borrowers are to share out £8.4 million in refunds after Yorkshire Building Society admitted wrongly charging customers who had fallen behind with repayments.

Pension providers are to be investigated over claims people aren't getting a fair retirement income because of the way the annuity market works.