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AIFA has announced it is to begin accepting ‘restricted' advisers as members to reflect the changing face of financial advice.

The trade body for independent advisers is to extend membership beyond IFAs in a move which represents a radical volte-face from its original manifesto but which it said was necessary in a changing advisory landscape.

Money market funds in the US are building up liquidity as fears of a downgrade or default on the nation's debt intensify.

Harry Katz, principal at north London IFA Norwest Consultants and an AIFA board member, explains why the trade body had little choice but to broaden its membership base, and why the move should not put IFAs off…

The Dow Jones closed more than 90 points lower on Tuesday amid escalating fears the US will default on its debt for the first time in its history.

The latest report by Eurekahedge says while all regional mandates witnessed losses in June, the Eurekahedge Japan Hedge Fund Index was up 0.25%.

Vince Cable has launched a fresh broadside at what he said was banks' "rip off" sales culture, which he said was "ingrained" in the market.

Britain has lost its status as the investment capital of Europe with flows of capital into and out of the country plunging since the crash of 2007, it was revealed.

The Financial Services Compensation Scheme (FSCS) levy will increase by £7.3m next year to meet the cost of the collapse of Southsea Mortgage and Investment Company, but only banks are likely to be affected by the rise.

Only a quarter (24%) of people applying for Employment and Support Allowance (ESA) are found sick or disabled enough to be awarded the benefit, according to latest government statistics.