Cru founder Jon Maguire has closed the Bristol-based fish and chip shop he bought after the Arch cru fund he marketed collapsed.

The Financial Services Authority (FSA) has fined former Morrisons supermarket chairman Sir Ken Morrison £210,000 for failing to accurately disclose his holdings in the retailer.

The first of the structured products to mature which used Lehman Brothers as one of its counterparties has returned a gain.

Aviva said it will target IFAs' mid-market ‘bronze' clients with its upcoming simplified advice offering.

The chairman overseeing the winding up of the Arch cru fund range has begun legal proceedings against Arch Financial to reclaim multi-million pound losses to the cells he alleges were caused by the manager's "negligence and wrong doing".

Media coverage on the FSA's delayed platform policy statement has been very interesting, but more for what it didn't say, according to Alastair Conway, sales and marketing director at Cofunds.

Castlestone Management chief executive Angus Murray is to step down and be replaced by global head of sales Jerry Devlin.

Nick Platt, director at Henwood Court Financial Planning, says now is the time to remind clients of the five lessons underpinning a successful investment strategy.

Standard Life has reported UK pre-tax operating profits up 14% in the first half, driven by lower commission costs as IFAs switch to fee-charging.

Bulls triumph over bears, Fed freezes short-term rates, and pension funds take a beating from stock market turmoil...IFAonline's round-up of the news from the nationals.