The FSA has fined Zurich Insurance UK £2.27m for failing to prevent loss of customers' confidential information - the biggest fine levied on a single firm for data security failings.

US authorities are clamping down on computerised trading in the wake of the May 6 "flash crash".

A number of the UK's largest banks have warned the proposed changes to the country's regulatory system - including the scrapping of the FSA - will leave too much power in the hands of a small group.

The FSA has withdrawn its petition for the winding up of Wills & Co after creditors approved its proposal for a company voluntary arrangement (CVA).

Cofunds head of sales Nick Godfrey and national sales manager Paul Rose have left the company as part of a restructuring of the business.

The IFA industry is becoming increasingly polarised between strong and weak players with "radical consolidation" set to hit the market over the next year, research suggests.

Greece is set to receive the second instalment of a rescue loan provided by the EU and IMF following the country's progress in cutting its deficit.

F&C is rolling out its UK Property fund to the broader IFA market by making it available on leading platforms.

Prism Capital Management(Prism) has launched three risk-rated multi-manager funds on Skandia Investment Solutions (SIS) as it looks to expand its offering to the adviser community.

Paradigm Partners has reported an operating profit of £519,000 for the year ending 31 March 2010 - marking the IFA support business's first year of profitability.