The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.

A new standard in financial planning will help bring together a fragmented industry - including restricted and bank advice - its creators have claimed.

Astute Financial Planning has become the latest firm to join the Institute of Financial Planning's (IFP) accredited firms register.

Trade body the IFA Centre has welcomed the Financial Services Authority (FSA's) finalised guidance on delivering independent and restricted advice.

ADVICE

Tenet advisers are still unsure about the Financial Services Authority's (FSA's) definition of independent and restricted, according to its group distribution development director.

Sesame Bankhall Group (SBG) and Henderson Global Investors have today launched their multi-manager offering, Optimum Investment Management.

Trade body the IFA Centre has appointed Phil Billingham as a non-executive director.

Towry has restructured its advice policy team responsible for the company's centralised investment proposition.

Andrew Fisher, chief executive of wealth manager Towry, has spoken for the first time on the issues surrounding the firm's High Court defeat against Raymond James.