Simply Biz chairman Ken Davy has given his support to the Conservatives' plans to abolish the FSA and establish a new Consumer Protection Agency.

George Osborne, the shadow chancellor, will outline plans to scrap the FSA if the Tories win the next election, reports ‘The Daily Telegraph'.

Friends Provident has sent a letter to the chairman of Resolution Limited setting out its proposed structure for a possible combination of the two groups.

Considering the Government's focus on getting employees back to work, there's some irony to the recent ruling that what workers really need when they return from long term absence is a holiday!

Over three quarters of depositors with savings trapped in Kaupthing Singer & Friedlander Isle Of Man are due to be repaid in full by early September this year.

Henderson Group has retained a better than expected 77% of New Star fund assets but warned first half profits will be half the level of a year ago.

The CII has elected to freeze membership subscriptions at 2008 levels until at least the end of 2010, in consideration of the economic downturn.

David Brunning, director of IFA Brunning Newman Houghton (BNH), says the firm is seriously considering launching a separate structured products business to market the vehicles to clients without advice.

Neptune Investment Management has appointed Andrew Taylor as intermediary sales manager with responsibility for Northern England and Scotland.

Commission payouts are still at the forefront of advisers' minds despite the recent focus on fee-based structures in the RDR.