Trading profits at Sesame Bankhall Group fell significantly in 2011 compared with the previous year as the company invested in a series of solutions it hopes will cater for independent and restricted advisers from next year.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.

The Financial Services Authority (FSA) has fined Coutts & Company £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls.

The Financial Services Authority (FSA) is readying at least one 'mega fine' in the next three months as figures show it raised significantly less than usual in the first quarter of 2012.

One of the largest appointed representative (AR) businesses within Openwork is to leave the company after failing to agree contract terms.

ONE-PAGE BUDGET

MCA DEATH

CYNICAL

The government has come under fire for plans announced in the Budget to change tax allowances for pensioners, as stakeholders begin digesting the Chancellor's measures.

Hundreds of thousands of basic rate taxpayers will fall into the 40% income tax bracket when the government lowers the threshold next year.