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Customer use of mass market advice services remains limited and there is no one 'killer app' for mass market advice, according to a leading research company.

The Financial Services Authority (FSA) was ineffective because it failed to deliver a good balance of 'prudential' and 'conduct' regulation, according to the chief executive of the Prudential Regulation Authority (PRA).

Steve Bloor, of Open Resolution, says the Financial Ombudsman is a key defence against unscrupulous banks.

PROTECTION

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RETIREMENT

Traded life policies (MPL) has suspended redemptions on its Traded Policies fund "in the interests of existing and future investors".

The Personal Finance Society (PFS) has paid tribute to renowned adviser Len Warwick CBE, who died on Sunday.

Commuting to work is an expensive business. Train fares are rising and running a car is far from cheap when you think about the cost of fuel, tax, insurance, loan payments and maintenance costs.

Following the release of the Money Advice Service's (MAS) year-end results this morning, the body's chief executive has said it will actively look to foster partnerships with advisers over the coming 12 months.