Almost half of Openwork's advisers have moved onto its protection panel since it launched 12 months ago.

Nationals round-up: ETFs came under the microscope following the UBS scandal, while downturn-beating funds, retirement income and Halifax's savings accounts also featured.

The Financial Services Authority (FSA) has formally accredited six professional bodies, meaning they can begin issuing Statements of Professional Standing (SPS), a mandatory form of practicing certificate for advisers.

It has been another busy week in the world of financial services...

The ten policy errors that got us here

HM Revenue & Customs (HMRC) is to expand its Business Records Checks programme, in an effort to close the tax gap and clamp down on inadequate record-keeping.

AWD Chase de Vere has said it has no plans to offer any simplified advice, suggesting it would be unprofitable and pose too many regulatory concerns.

The Financial Services Authority (FSA) has fined an independent financial adviser £16,000 after his firm gave unsuitable advice on unregulated collective investment schemes (UCIS) and flouted rules related to who the schemes can be promoted to.

The Financial Services Authority has warned investors against dealing with a firm which is cold calling consumers claiming to be Savoy Investment Management and using the names of real members of staff.

AWD Chase de Vere spent more than £1.5m settling complaints and paying customer redress last year, and expects the figure to be even higher this year.