Advisers have expressed their anger the role of the FSA in properly regulating structured products has not been addressed and they are being made the scapegoats for failings in the sector.

Openwork's new CEO Martin Davis says the FSA's proposed ‘restricted advice' tag is causing a degree of concern amongst its 2,600 multi-tied advisers.

Jupiter and Schroders are surprise entrants at the top of Bestinvest's ‘dog assets under management list', which tracks the largest funds performing well below their recognised benchmark.

The European Union is set to give the go-ahead for Northern Rock to be split into two, clearing the way for a partial sale.

Assets on the Ascentric wrap platform have passed £1bn with the provider hoping to achieve profitability by the end of next year.

Advisers' fundamental lack of understanding of how structured products work and their suitability for different clients has been identified by the FSA as a key factor behind inappropriate sales of Lehman-backed products to consumers.

AIFA has issued a stark warning the costs of the RDR proposals risk the financial stability of many adviser firms, already suffering from the impact of the recession.

Standard Life has agreed to sell its mortgage and savings business, Standard Life Bank, to Barclays in a deal worth around £226m.

The saga of Bernard Madoff's record-breaking fraud has taken another twist after one of the top beneficiaries of his Ponzi scheme died.

Following the shock news today that GDP fell by 0.4% between July and September, key figures from the finance industry give their views on what this means for the UK economy.