Prudential's UK new business profit fell 6% in the first quarter of 2011, despite an increase in sales.

Lighthouse Advisory Services (LAS), the network division of the Lighthouse Group, more than doubled its profits in 2010, driven by a 15% increase in average adviser sales.

Advisers could face lower FOS fees next year as banks begin shouldering the cost of handling payment protection insurance (PPI) complaints against them, the ombudsman said.

Small firms expect they will be hit harder by the ongoing cost of implementing the FSA's data collection rules compared to their larger counterparts and banks.

The FSA wants to monitor complaints data for individual advisers throughout their careers, with information linked to Individual Reference Numbers.

Friends Life total new business rose 52% in Q1 compared to a year earlier, with sales from parent company Resolution's newly aquired businesses driving performance.

Meteor Asset Management has filed an application for a judical review into a FOS decision ordering it to compensate investors who lost money in its Lehman-backed plans.

Philippa Gee Wealth Management has beefed up its management team with two industry stalwarts as it eyes further growth.

Forget the coalition government's first birthday - after a heady 12 months of gargling and newness it is about to enter the Terrible Twos.

Bailed-out Lloyds Banking Group has made a £3.2bn provision for the cost of mis-selling payment protection insurance (PPI), driving the bank to a loss in Q1.