The Financial Services Compensation Scheme (FSCS) is considering how it can introduce 'risk' as a metric upon which to base the calculation of its levy on firms.

Professional adviser body the Personal Finance Society (PFS) has called for the introduction of a product levy to help reduce the regulatory cost for advisers.

Adviser network Personal Touch has almost halved the amount of money it has set aside for settling complaints after paying out more than £256,000 in the last year.

Retirees could be heading into trouble as average pension pots require ten times more investment growth than they currently produce to realise desired levels of retirement income, according to research.

Eight men have been convicted for their roles running an unauthorised investment scheme which lost 110 investors more than £4.3m.

The Financial Conduct Authority (FCA) could up the amount of easily accessible cash advisers have to hold to 10% of their yearly investment advice earnings, in a bid to stop firms failing in the face of a "normal" level of complaints.

Wealth manager European Wealth has raised £2m towards its planned acquisition of IFA ISM Solutions.

Financial advisers should not be asked to help fund the government's retirement guidance service unless it is of demonstrable benefit to firms, the managing director of support firm SimplyBiz has said.

Executive chairman of advice firm Mattioli Woods Bob Woods is to keep his 15.1% shareholding in the company following the divorce from his wife but will pay out half its value, the pair have agreed.

Is this lowly figure the advice profit margin of the future?