Net retail fund of funds sales totaled £3.9bn last year, almost four times the 2008 figure and the highest ever recorded.

Britain could be forced to help bail-out some of Europe's crisis-hit economies with tens of billions of pounds, it is feared.

A former partner at Cazenove, the Queen's stockbroker, who is due to stand trial on insider-dealing charges next week appeared in court for a pre-trial hearing yesterday.

Clive Cowdery's insurance investment vehicle Resolution is expected to soon unveil plans for a further acquisition in the UK life space after Friends Provident reported a 13% drop in 2009 sales.

Less than two days after the resignation of FSA chief executive Hector Sants, advisers have been keen to outline who they think should replace him.

A key estimate of UK GDP suggests output increased in the three months ending in January, but indications of a more substantial recovery are still wide of the mark, according to the National Institute of Economic and Social Research (NIESR).

Aviva is removing initial charges from its newly-reopened wrap proposition from 15 February to the end of the year.

A gang of pensioners aged between 60 and 79 kidnapped and tortured their financial adviser because he "had taken us for a ride", a German court heard this week.

The surprise exit of FSA chief Hector Sants presents a golden opportunity to re-model the way financial services regulation is delivered in this country.

Positive Solutions is cutting its annual Overseas Forum - this year a Mediterranean cruise - because of "exceptional" costs incurred in 2009.