The week's news...condensed

Alpha 2 Omega was back in the news after two of its former directors received fines from the FSA. Worrying details emerged about some of the sales practices employed by a handful of the network's appointed representative advisers. They were so notorious, according to the FSA, they had earned themselves a collective nickname. But what was it? In Westminster Chris Evans, a former Lloyds TSB adviser, told colleagues IFAs and bank advisers were all interested in selling products rather than helping clients. Meanwhile, John Glen stressed the importance of independent financial advice to...