Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.
The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.
Financial advisers and regulators around the world are looking to the UK's Retail Distribution Review (RDR) as the model to follow for good practice, according to Phil Billingham.
Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.
Tenet has made a number of appointments following the departure of Keith Richards to head the Personal Finance Society.
The Bank of England has revealed it is in talks with the People's Bank of China about agreeing a currency swap deal to help ensure greater financial stability.
HSBC has called for greater policymaker intervention on raising awareness of retirement income shortfall given "massive" long-term care cost increases.
Restricted adviser network Openwork has posted its first ever profit as a standalone trading company, reversing a loss of more than £13m in 2011.
A former IFA has left up to 15 couples without a wedding venue after the inn she owns backed out of hosting their big days.
MPs may be forced to debate a controversial plan to halt age-related tax allowances - a move dubbed a ‘granny tax' - after an online petition opposing it garnered almost 100,000 signatures.