AT A GLANCE

The new compulsory three-page Key Investor Information Document (KIID) will not be enough to bridge the information gap between all-knowing product manufacturers and the end customer, according to the Financial Services Consumer Panel (FSCP).

The Financial Services Authority (FSA) has publicly censured a mortgage broker who "recklessly" submitted incomplete mortgage applications for himself.

CRYSTAL BALL

The banking crisis has been as damaging to the UK economy as a world war, a top Bank of England (BoE) official has said.

Further changes to the tax relief available on pensions - as has been predicted ahead of the Chancellor's Autumn Statement this week - may destroy public faith in saving for retirement, according to financial services consultants Punter Southall.

The Association of Professional Financial Advisers (APFA) has called into question the amount of money spent each year by the Financial Services Compensation Scheme (FSCS) on recoveries.

An adviser jailed earlier this year for more than 40 fraud-related offences has been banned by the Financial Services Authority (FSA).

The mis-selling of payment protection insurance (PPI) is costing banks hundreds of millions of pounds to put right and has spawned a new crop of claims management companies.

Old Mutual said it is "progressing well" with plans to build Old Mutual Wealth into a leading wealth management business, but is taking further steps to address its cost base.