The potential value of income protection (IP) has been highlighted by research suggesting most Britons would suffer serious financial hardship if they were suddenly unable to work, Canada Life Group Insurance says.

AXA has officially unveiled its Elevate wrap to the whole market, with 200 adviser firms interested in a move to the platform.

The FSA says it is unlikely to change its policy on how long consumers are legally entitled to make complaints against IFAs.

The Eurozone has officially entered a recession after the 15-nation area suffered two consecutive quarters of negative economic growth.

The FSA is running the risk of undermining TCF after announcing it will accelerate the full integration of the initiative into its day-to-day regulation of firms, the Financial Services Consumer Panel (FSCP) warns.

The FTSE100 is sharply higher this morning after an extraordinary late surge on Wall Street drove the Dow Jones IA 6.67% ahead on Thursday.

Royal Bank of Scotland (RBS), the struggling bank, is preparing to axe up to 3,000 staff across its worldwide workforce as it braces itself against the onslaught of the global recession, The Times reports.

New Star Asset Management has suffered over £700m in redemptions from retail investors since 30 June this year, as market volatility continues to have a "significant impact" on the business.

Some weeks ago I wrote about what we at Barclays call the happiness curve. The basic premise is that investors are thrilled when they are making money on their investments, but disproportionately despondent when they endure a small loss.

Critics of proposals to ban point-of-sale payment protection insurance (PPI) have been accused of behaving like "spoilt children who cannot get their own way".