The trade body for independent advisers is to extend membership beyond IFAs in a move which represents a radical volte-face from its original manifesto but which it said was necessary in a changing advisory landscape.

Harry Katz, principal at north London IFA Norwest Consultants and an AIFA board member, explains why the trade body had little choice but to broaden its membership base, and why the move should not put IFAs off…

AIFA needs money. Your money. It won’t admit that so I’m telling you instead.

Vince Cable has launched a fresh broadside at what he said was banks' "rip off" sales culture, which he said was "ingrained" in the market.

Britain has lost its status as the investment capital of Europe with flows of capital into and out of the country plunging since the crash of 2007, it was revealed.

Succession Advisory Services has added Norwich-based adviser Trinity Financial Planning as a member firm.

Controversy over City pay may be re-ignited by a new European directive that would force pay deals over €1m (£880,000) to be disclosed by banks.

Business secretary Vince Cable has hit out at what he described as "a few right-wing nutters" holding up a deal to cut US government debt.

Morgan Stanley has been dubbed 'the new Morgan Sachs' after its equity and bond traders captured market share from rivals over the past quarter.

Co-operative Financial Services (CFS) exited the advice market because the advent of the retail distribution review (RDR) meant it needed to invest £50m in a business it described as "becoming increasingly sub-scale".