The uncomfortable position advisers who recommended Keydata are in today is exactly where those who advised on Arch Cru could soon find themselves...

The Investment Management Association (IMA) consulted just four IFAs about the overhaul of its Managed sector model.

A law firm is encouraging IFAs facing compensation claims from the Financial Services Compensation Scheme (FSCS) in relation to Keydata investments to band together for a better chance of defending the claims.

The Financial Services Authority (FSA) has fined and banned a network director for failing to ensure advisers under his management were qualified and competent.

Lowes Financial Management has appointed ex-Investec senior equity derivates structurer Sham Yapa as business development manager.

Tens of thousands of savers are receiving 0.4% return after tax or less following a rise in accounts paying derisory rates.

A leading Liberal Democrat has claimed the taxpayer is being "taken for a ride" over the sale of Northern Rock to a consortium led by Virgin, amid fears the bank wil have its assets stripped.

The government will freeze the annual exempt amount for capital gains tax (CGT), but will offer other routes for people cut tax liabilities.

The Chancellor has extended the small business rate relief holiday for another six months until April 2013.

Chancellor George Osborne has said he will expand credit lending facilities for small businesses which he expects will cut their borrowing costs by 1%.