Cazenove is set to launch its second absolute return vehicle for retail investors to be run by hedge fund specialists Neil Pegrum and Paul Marriage.

Rathbones has received FSA approval to launch a recovery fund from the merger of its Special Situations and Smaller Companies vehicles.

True Potential has added risk assessment tools from Morningstar and asset allocation models from Ibbotson Associates (a unit of Morningstar) to its business platform.

Advisers are concerned the lack of clarity around new ISA regulations, due to come into force this year, will leave clients confused and potentially unable to benefit from the changes.

The funding for advisers looking to obtain ISO 22222 through Standards International has been extended for a further year, following the success of the Government's "Train to Gain" initiative.

Around 70 smaller SIPP firms are the subject of a thematic review by the FSA, it has been revealed today.

Scottish Widows actively markets its direct sales services to advisers' existing clients, IFAonline has learned.

Former RBS chief executive Sir Fred Goodwin has offered to give up some of his controversial £700,000 a year pension.

Chancellor Alistair Darling last night expressed confidence Britain was on the road to economic recovery but warned the financial sector could not return to 'business as usual' and a 'culture change' for banks was essential.

Treasury Minister Kitty Ussher has resigned following revelations about her expenses claims.