Advisers need to budget profits as an essential ‘cost', on a par with rent and staff wages, or risk going out of business, warns the head of financial planning at Macquarie Bank UK.

Aegon could relocate outside the European Union (EU) to stay competitive with global rivals once Solvency II comes into force, its CEO warns.

The FSA wrote to ten IFA firms selling Keydata products with serious concerns about the suitability of their advice as early as October 2007, but failed to alert the wider industry or investors.

About 2,000 investors in Lehman-backed 'Capital at Risk' structured product plans run by failed firms Arc, NDF Administration and Defined Returns Limited (DRL) will not be able to claim compensation from the Financial Services Compensation Scheme (FSCS)....

Former Standard Life savings chief executive Geoff Towers will join Legal & General (L&G) as head of IFA sales for savings.

The FSA has been accused of refusing to release key documents relating to the collapse of Icelandic bank Kaupthing to the Serious Fraud Office (SFO) because of fears they will expose regulatory failings.

Progress, the UK protection provider of Royal Liver Assurance, is closed to new business with immediate effect.

Tory MP Ken Clarke has given up the lucrative grace-and-favour pension pot he is entitled to as Lord Chancellor.

The UK index of 100 leading shares was up in early trading, lifted by rises in all the major global markets.

The FSCS has ended months of uncertainty by confirming it can compensate investors with Keydata products backed by Lifemark but investors will not know the amount they will receive until the end of October.