Lord Myners, the former City minister, has called on the Chancellor to prove his claim Britain was "on the brink of bankruptcy" before the coalition government took over in May.

Next week's highly anticipated parliamentary debate on the RDR should focus on adviser charging, not populist issues like grandfathering, says Yellowtail Financial Planning MD Dennis Hall.

UBS is being sued for more than $2bn (£1.3bn) amid claims it hid fraudster Bernard Madoff's Ponzi scheme while it lost his clients billions.

Mark Hoban, the financial secretary to the Treasury, has batted away official questions from a fellow MP about the collapse of the Arch cru funds.

Mutual societies are locked in talks with the FSA over exempting Holloway-style protection policies, held by thousands of people, from the RDR's remuneration rules.

The Financial Services Compensation Scheme (FSCS) has agreed its first 'provisional' compensation claim for investors in Keydata-backer Lifemark.

Origen, the Aegon-owned IFA, has sold its healthcare business to Towergate Healthcare.

The Consumer Protection and Markets Authority (CPMA) must have more power than its FSA predecessor, including the right to ban particular products, Hector Sants told ministers today.

Aegon will axe 48 management staff at its Edinburgh headquarters, and three from elsewhere in the business, as part of its latest round of cost-cutting.

The RDR is not a 'panacea' for the investment market's problem but it is worth a third of IFAs leaving the industry, FSA chief executive Hector Sants has told ministers.