Firms providing investment advice will see their minimum capital requirements double to £20,000, the FSA proposes.

A financial advice landscape that includes "advised" sales and outlaws provider influence over remuneration has today been proposed by the FSA.

The FSA has set out an ambitious implementation plan for its new retail distribution strategy, with all firms expected to be fully compliant with the rules by the end of 2012.

The FSA has ignored IFAs and listened to the views of providers and the European Commission in establishing a 'sales advice' channel with equivalent minimum qualifications to the IFA stream.

The FSA has all but ruled out re-introducing a 15-year time limit on complaints against advisers despite admitting it could save firms thousands of pounds a year.

A financial advice landscape that includes "advised" sales and outlaws provider influence over remuneration has today been proposed by the FSA.

The FSA has set out an ambitious implementation plan for its new retail distribution strategy, with all firms expected to be fully compliant by the end of 2012 at the latest.

The Government's decision not to use the Pre-Budget Report to bring forward plans for auto-enrolment into workplace pension schemes has been branded as 'disappointing' by the ABI.

BHP Billiton's decision to drop its bid for Rio Tinto has sent FTSE 100 stocks sliding down 86.98 points (1.66%) to 4083.98, despite yesterdays biggest-ever percentage rise.

Invesco Perpetual's Neil Woodford stood as the most popular fund manager on Fidelity FundsNetwork in October, though it was UK gilt funds which made the most ground during the month.