The advisory industry is backing calls for firms to be permitted to receive commission from ‘legacy' products until 2018 - five years longer than the FSA intends.

The FTSE has plunged in mid-afternoon trading with banking stocks hard hit after Santander released poor results and the impasse over the US debt ceiling shows no sign of ending.

Simon Hudson, founder and CEO of Tenet Group, has stepped down.

Zurich UK Life has launched a recruitment drive to beef up its platform team ahead of the planned launch of its retail proposition later this year.

Some 80% of advisers have said regulatory scrutiny on exchange traded funds (ETFs) echos their own concerns about the products.

The Dow Jones closed more than 90 points lower on Tuesday amid escalating fears the US will default on its debt for the first time in its history.

Fidelity International has launched a finance channel on YouTube for consumers and advisers.

Ashcourt Rowan has reported a 16% increase in turnover for the first quarter as the wealth manager looks to expand its footprint in the intermediary space ahead of RDR.

The FSA has alerted consumers to a host of unauthorised firms, some of which may be targeting UK consumers.

The Financial Services Authority (FSA) is close to concluding its inquiry into alleged mis-selling by RBS-owned wealth manager Coutts.