The FSCS has moved to deny 'inaccurate' press reports it plans to cut the compensation cover for investments from the current £50,000.

Vince Cable, business secretary, warned banks will be hit with greater financial penalties unless they increase their lending levels.

The recent US downturn, which officially ended in June 2009, has been the longest since the great Depression beginning with the Wall Street crash in 1929.

More than 9,000 public sector employees are earning a higher wage than the prime minister, as momentum grows behind radical cuts to pay and benefits in this area.

The government is pledging to raise up to £7bn a year by 2015 by clamping down on "morally indefensible" tax evasion, a senior Lib Dem minister has said.

At AT8 we have been following the move towards platforms with interest, particular the networks' strategy.

Lord Turner, chairman of the FSA, said it was "vitally important" European financial supervisors did not intervene directly in the running of individual markets.

Telling people you are a journalist can provoke a pretty strong reaction, but we in the media are used to being viewed with some suspicion.

Openwork has acquired 2plan Wealth Management for an undisclosed sum as the multi-tie network moves to develop a stronger proposition to whole of market advisers.

Norwich & Peterborough Building Society will today receive letters from solicitors acting on behalf of 250 customers, demanding compensation for investment advice they received relating to Keydata plans.