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.

Fund Intelligence is making its in-house investment research tool available to IFAs.

The date for the House of Commons debate on the RDR has been changed to Monday 29 November following a request from the Labour party.

Tensions over banking policy between the Chancellor and the Business Secretary sparked back into life yesterday after Cable issued a strongly worded statement in response to Osborne's hint the reforms could toned down.