SIPP fees have fallen by up to 11% over the last few years as competition drives prices down - but new FSA rules could limit further reductions, says Defaqto.

Adviser Alliance has donated £500 towards a judicial review into the FSCS Keydata levy - even though the lobby group thinks the legal action has little chance of success.

Adviser Alliance will lobby the Office of Fair Trading (OFT) to take up the anti-RDR cause on competition grounds.

Cofunds has poached staff from Skandia and Scottish Widows as it expands its sales team with the appointment of four account managers.

Confidence amongst UK finance chiefs has hit a one-year low on the back of austerity measures pushed through in the Budget and mounting fears of a slow-down in global growth.

The FTSE has opened trading in positive territory, but fears of a double-dip recession on the back of disappointing US and Chinese economic data still abound.

IFA Clarkson Hill, which resumed trading on AIM today, warns unless it receives an injection of capital from an outside party it will cease operations.

The FSA has appointed Linda Woodall as acting director of the small firms and contacts division.

RBS has completed the sale of its metals, oil and energy business to JP Morgan in a deal worth $1.6bn (£1.1bn).

The FTSE 100 has slipped further into the red in late afternoon trading as disappointing US manufacturing and housing data added to growing concerns of stuttering global growth.