Helm Godfrey has moved into the employee benefits space with its acquisition of Truestone Asset Management.

The Financial Services Authority's (FSA) decision to up the redress limit at the Financial Ombudsman Service (FOS) will lead to more judicial reviews brought by angry firms, and harsher defending by the regulator, a City law firm has warned.

Sterling tumbled a cent against the dollar earlier on surprise news Britain's manufacturing sector grew at its slowest for two years in May, sparking fresh fears about the economic recovery.

Loan firms which demand upfront fees for loans they have no intention of making will be shut down by the Office of Fair Trading (OFT).

The Serious Fraud Office suspects David Elias, a businessman deeply embroiled in the Keydata saga, may be on the run in South-East Asia, despite being declared dead two years ago, according to reports.

Advisers should not have received literature about the Connaught Secured Income fund Series 2 with shortened risk information, according to Connaught Asset Management.

Fidelity has slammed the Investment Management Association (IMA) for deciding to rename the Managed sectors Managed A,B,C and D.

Bluefin Advisory Services is braced for a potential £1.2m compensation bill from clients unhappy with their mortgage, pensions and structured products advice.

Consultancy firm Clara Capital has launched a comparison site for alternative investments, Clara Compare, as a tool to help advisers meet the FSA's widened requirements for independence post-RDR.

The FSCS will start notifying the "large number" of firms who claim they filled in the wrong tariff data used to calculate their interim levies whether they are entitled to money back.