Pershing has begun hosting its practice management programme in the UK for the first time, giving firms an insight into regulation, buying, selling and merging businesses, technology and changing client demands.

The Financial Services Authority (FSA) has warned that most crowdfunding schemes should only be targeted at sophisticated investors, amid concerns about their risk and complexity.

FIVE THINGS

CONDENSED

Sesame Limited, the network arm of Sesame Bankhall Group, recorded a loss of £2.5m in 2011.

A boost in individual annuities and with-profits bonds sales helped Prudential UK maintain new business levels in the first half of this year, despite a significant decrease in corporate pensions volumes.

The Financial Services Authority (FSA) will today suggest scrapping LIBOR and replacing it with a borrowing rate based on actual trades, it has been reported.

A former financial adviser has been prohibited from performing any regulated activities by the Financial Services Authority (FSA) for unregulated collective investment scheme (UCIS) failings.

The Financial Services Authority (FSA) has appointed Tracey McDermott as its director of enforcement and financial crime, a position she has held in an acting capacity for the past 16 months.

The Financial Services Authority (FSA) board has expressed concerns about the accountability of the Money Advice Service (MAS).