Advisers are moving away from initial commission towards fees, Skandia sales over the last two years suggest.

Mortgage brokers still have time to fully implement the FSA's Treating Customers Fairly (TCF) initiatives, despite many missing the initial March deadline, according to Mortgage Stream.

Aegon Scottish Equitable is set to lift restrictions imposed on certain transactions out of its commercial property funds.

Tensions between the Treasury and the Bank of England mounted yesterday as Mervyn King, the Bank's Governor, abruptly dismissed measures being considered by Alistair Darling to end the mortgage drought, The Times reports.

Fidelity FundsNetwork is to accept applications for SIPPs with protected rights from mid-September in advance of new regulations coming into force on October 1.

Damaged by the Georgia conflict, Russia's stock market has lost almost a third of its value in the last two months, according to Michael Konstantinov, manager of the Allianz RCM BRIC Stars fund.

Invesco Perpetual has confirmed it is awaiting FSA approval for the appointment of Tim Dickson as fund manager within its Asian equities team.

The Lighthouse Group has expanded its recurring revenue streams with the addition of four new LV= Asset Management (LVAM) managed OEIC sub-funds.

Russia's military intervention in Georgia has left Aberdeen Asset Management's perceptions of the market broadly unchanged.

Another strong start for mining stocks has driven the FTSE100 higher in mid-morning trading, up 66.30 points (1.22%) to 5514.90.