The Solicitors Regulation Authority (SRA) is to recommend that its members are allowed to refer clients to both restricted and independent advisers.

The ‘advice gap' post-Retail Distribution Review (RDR) is a major cause of concern and must be monitored closely by regulators, the Association of British Insurers (ABI) will say later today.

The FSA has issued a public censure against Capita Financial Managers Limited (CFM) for its failings in relation to the CF Arch cru funds between June 2006 and March 2009.

Investors suing advisers over 'mis-selling' of film investment schemes have claimed £8m so far, according to the Mail on Sunday.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch cru redress scheme have been postponed due to the overwhelming response to the regulator's consultation.

A loophole in planned banking reforms could leave taxpayers on the hook for billions of pounds in the event of another financial crisis, Bank of England governor Sir Mervyn King has warned.

SMART MONEY

Standard Life has confirmed it is to cut 139 jobs from across its business

Aviva has appointed Mark Wilson as its next chief executive.

The government is considering nationalising the 316 Royal Bank of Scotland (RBS) branches currently up for sale with a view to creating a new business lender, the Sunday Times reports.