HSBC chairman Stephen Green attacked "perverse" pay practices in banking and called for a "more sober and reasonable approach to compensation" as it emerged the bank paid two senior employees almost £25m last year, The Telegraph reports.

A networking service enabling advisers to meet and share ideas with their market peers face-to-face at organised monthly events has been launched.

The deficit of final salary schemes worsened by £16bn in February to a total of £45bn, Aon Consulting says.

Three in four intermediary lenders believe the wholesale loan and securitisation markets will be back in action by 2011, according to research.

US markets slid in early trading on Monday after AIG announced the largest ever corporate loss of over $60bn.

A tool allowing the generation of several risk profiles for clients within a single portfolio is being unveiled to advisers at 2Plan Wealth Management.

Tilney Investment Management has changed its trading name to Deutsche Bank Private Wealth Management.

Merchant Investors has linked up with investment manager Whitechurch Securities to give IFAs access to portfolio management services.

A retirement plan enabling customers to consolidate all their pension arrangements within a single investment wrapper has been launched by LV=.

The FSA has banned mortgage adviser Mohammed Ahmed for submitting mortgage applications both for himself and his customers, which were supported by false payslips.