Network Alpha to Omega (A2O) will not be sold and the business is to be wound down, administrators Benedict Mackenzie say.

The FSA has forced stockbroking firm Wills & Co to retrain its advisers and prevented it from giving investment advice because of poor sales practices.

The UK's soaring budget deficit has relegated it to the ranks of the "PIIGS", says research by RBC Capital Markets.

Legal & General(L&G) saw its UK savings division weather the storm in 2009, with new business APE up 3% to £907m from £879m the previous year.

The EU has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state.

Advisers plan to reduce client exposure to cash and fixed income as improving investor confidence prompts a shift towards emerging markets.

Applewood Wealth Management has written to 340 IFA firms in its region to gauge appetite for acquisitions or joint ventures.

The eurozone economy will only grow around 1% this year, according to the head of the single currency block.

Skandia Investment Solutions is slashing 150 jobs as part of a cost-cutting programme, but the platform has stressed the move will have minimal impact on adviser services.

Towergate Financial has launched a corporate solutions proposition, including an employee benefit platform.