The FSA has cancelled the permissions of Equifund, citing lack of professional indemnity (PI) insurance and "significant failings" in the conduct of the broker's business.

Former Icelandic Prime Minister Geir Haarde has been found guilty of one of four charges of negligence relating to the collapse of the country's banks during the 2008 financial crisis.

Most IFA clients are supportive of the incoming adviser charging regime, research suggests.

Fund managers looking to offer clean share classes could find it "cheaper" and "simpler" to adapt existing institutional share classes as opposed to developing new ones, Deloitte has suggested.

The FSA has flagged up a number of consumer risks associated with exchange traded products (ETPs) in a fact sheet published today.

Cofunds has reported a 10% dip in profits for last year, citing investment in retail distribution review (RDR) readiness as the reason for the drop.

The International Monetary Fund (IMF) has raised an additional $320bn (£199bn) in a bid to boost its firepower to deal with the eurozone debt crisis.

R.I.P. MIP

The International Monetary Fund (IMF) has warned the world faces a credit crunch similar to that of 2008/09 as the euro crisis forces banks to cut their balance sheets.

Mixed Investment Shares were popular with advisers once again in March, according to the latest sales trends on platform Cofunds.