Clarity between sales and advice will be fundamental to the success of the RDR, with three quarters of consumers (74pc) backing this split, according to AIFA.

Financial advisers are being warned they could face another TCF challenge via their point-of-sale providers.

AIFA has brushed aside fears consumers would be ‘locked in' to either sales or advice in the post-RDR world, saying the two industries can work in tandem.

Less than a fifth of customers are convinced the FSA is effectively regulating the financial services industry, according to a new survey by YouGov conducted after Lloyds' bid for HBOS.

Equity release should be seen as a 'last resort' for pensioners who are struggling financially, according to a new report from Which?.

Alistair Darling today says he draws "little comfort" from the fact his bleak prediction for the UK financial system had come true.

A large Japanese bank is considering buying up to 20% of troubled Wall Street bank, Morgan Stanley.

F&C Investments has appointed Oliver Sonnbichler as a fund manager in its multi-manager team.

Berkeley James has launched a non-regulated structured investment product aimed at IFA's with high net worth clients.

The Mortgage Alliance (TMA) will launch into the general insurance market following feedback from members.