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MPs have questioned the fitness of former London Stock Exchange chief executive Clara Furse to sit on the Bank of England (BoE)'s new stability arm.

There is a huge and widening gulf between firms making outstanding profits and those losing money, according to research released today.

Adviser Network Intrinsic expects the number of its ‘restricted' advisers to increase to 75% over the next two years, compared with less than 60% currently.

The abolition of consultancy charging could open up opportunities for advisers according to Scottish Widows chief executive Toby Strauss.

Some 40% of IFAs say that clients are more confused on the difference between independent and restricted advice than they were before the implementation of the Retail Distribution Review (RDR), according to research released today.

The Financial Services Compensation Scheme (FSCS) has declared former IFA Bentley-Leek in default and said it will aim to compensate customers within the coming six months.

Charging fees at 'implementation' - or where a product is purchased - is a legacy of the distribution system and should be ditched, a financial services expert has said.

Adviser support group Tenet has tapped into the consumer care market by teaming up with a new online advice service specialising in the care industry.

Standard Life has appointed two new senior business development managers to its workplace business.

GOSLING'S GROUSE