The Association of Independent Financial Advisers (AIFA) posted a deficit approaching £200,000 in the 12 months to 30 June 2011, despite putting cost cutting measures in place.

More warnings about fund fees, a growing controversy around JISAs and an explanation of financial planning - five things the nationals have thrown up that your clients will call you about this week.

The government will continue to avoid interfering in the regulation of the retail investment market even after the break-up of the Financial Services Authority (FSA), it has confirmed.

Ten of this week's best-read stories...

The Money Advice Service (MAS) has informed staff about potential job cuts, just eight months after its launch.

The Financial Services Authority (FSA) has raided the Department for Work and Pensions (DWP) to find a new director of communications after the current head stepped down.

The Insolvency Service has wound up two land banking firms in the latest clampdown on the fraudulent investment activity.

National Savings & Investments (NS&I) is restructuring a number of services in a bid to meet cost-cutting targets, with no more savings accounts to be offered through the Post Office.

Fidelity Fundsnetwork has unveiled a shortlist of 16 funds approved by Old Broad Street Research (OBSR) as suitable for Junior ISAs.

Only a handful of platforms will be ready for the 1 November launch of Junior ISAs, with a number confirming they have no current plans to offer the products.