The FSA is moving "alarmingly close to economic regulation" with its latest proposals on data collection, AIFA said.

Standard Life has dumped its face-to-face advice service for private clients, who will now be dealt with via telephone and online.

A leading economist has hit out at the practice of risk profiling carried out by many financial advisers, describing it as "rubbish".

Morningstar has integrated the FinaMetrica financial risk profiling tool into its Adviser Workstation.

Certified Financial Planners (CFP) will have access to gap-fill sessions in nationwide events organised by the Institute of Financial Planning (IFP).

After months of legal wrangling and refusals to co-operate with the regulators, the major high street banks have finally relented in their campaign to avoid PPI compensation payouts.

The CBI has cut its UK growth prediction as squeezed household budgets, weak wage growth and high inflation pour cold water on the recovery.

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

Weekend papers round-up: Spanish property, the value of marriage and Swiss tax exiles were all on the news agenda, while popular acronyms included JISAs and MINTs.

Despite yet another truncated week, there was plenty going on in the world of financial advice...