The FSA is to scrutinise the quality of advice given by firms who operate a 'centralised investment proposition' ahead of the implementation of the Retail Distribution Review (RDR).

Adair Turner has spent more than £66,000 in the past 15 months flying around the world as FSA chairman - largely because he never flys any lower than business class.

Last week was a huge one in the ten year history of Professional Adviser (PA) magazine.

Axa-owned advisory business Bluefin Wealth Management has identified some 190,000 ‘legacy' customers following a marked drop in adviser numbers, and will begin re-engaging with them ahead of the RDR.

Alliance Boots is leaving itself open to mis-selling claims from its thousands of pensioners after it offered to change the way their plans are paid, its former finance chief said yesterday.

The head of HM Revenue & Customs (HMRC) is to be quizzed by MPs this afternoon over claims he allowed Goldman Sachs to escape £10m in interest payments on an offshore tax avoidance scheme.

French bank Société Générale was the victim of an alleged multi-million pound fraud which occurred within weeks of the much-publicised €4bn fraud by rogue trader Jerome Kerviel - but it was never disclosed to shareholders.

The Financial Services Compensation Scheme (FSCS) has failed to increase public awareness of saver protection despite spending £4m on an advertising campaign, its chief executive said at the weekend.

Bank of England governor Mervyn King has described the current financial crisis as the "most serious" the UK has seen for at least 80 years.

Upmarket financial planning business The Fry Group is in talks with the FSA over developing an online basic advice model for people who want to invest smaller amounts but cannot afford to pay for full advice.