Upmarket financial planning business The Fry Group is in talks with the FSA over developing an online basic advice model for people who want to invest smaller amounts but cannot afford to pay for full advice.
Incomes from annuities have fallen 14% since the start of the year due to stock market turmoil.
UK managers including Lindsell Train founder Nick Train have labelled Hargreaves Lansdown a "definite buy" with enormous growth potential, after the group beat analysts' expectations last week.
(Update) Shares in Hargreaves Lansdown jumped almost 16% in early trading after the company reported a significant jump in profits and hiked its dividend.
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Pension scheme analysts are urging trustees to keep their heads and avoid "feeding the frenzy" after global markets nosedived this week.
Hargreaves Lansdown's Ben Yearsley says it is important investors retain a sense of perspective and look to the long-term following the sharp falls in global stock markets.
SIPP providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.
Hargreaves Lansdown shares fell sharply in early trading today after the FSA said in yesterday's platform paper it wants to ban payments from fund managers to platforms and cash rebates to consumers.