Advisers need to consider the "hugely significant issue" of service standards when undertaking what can be an arduous platform due diligence process, according to Defaqto.

HMRC guidance set to be issued next year on the VAT liability of adviser charging will clarify what the taxman considers 'pure' advice.

The government has confirmed the FCA will have a statutory duty to promote competition, but stopped short of making it one of the new body's core principles.

Britain at risk of being sucked into a second bailout for embattled Greece, the financial sector's "ferocious" drag on the UK's recovery and the Fed considering an inflation target…we bring you the day's biggest news from the nationals.

The Governor of the Bank of England last night warned European officials not to water down new bank safety rules or prevent the UK from imposing tougher measures to protect taxpayers.

Assetfirst has launched an "insourced" investment portfolio service offering advisers a low-cost index-tracking solution in a bid to challenge the dominance of discretionary fund managers.

Shares in major UK banks have plunged following reports Chancellor George Osborne will force lenders to ring fence their retail arms.

The FSA has raised concerns over the implementation of key European directives including MiFID and the proposed regime for packaged retail investment products (PRIPs).

Graeme Ashley-Fenn, head of the authorisations division at the FSA, has left the regulator for personal reasons.

The FSA has banned and fined a self employed trader £700,000 for market abuse through manipulation of shares and derivatives.