An independent Scottish Financial Planning firm which offers a “money-back if not happy” fee guarantee to clients is targeting a £1 million turnover in the next three years as part of an ambitious expansion plan.

Quantitative easing increased inflation by up to 1.5 per cent, according to the Bank of England.

Firms and professional bodies have responded to the Financial Services Authority’s decision over simplified advice.

UBS has said that the estimated total losses to its firm from unauthorised trading now stand at £1.5bn, up from £1.3bn.

Sandy Leitch, the chairman of IFP sponsor Scottish Widows, is to retire at the end of this year.

Delegates at the IFP Conference will have the choice of five dedicated track sessions this October, one more than last year.

The Treasury Committee has published the terms of reference for the inquiry into the Financial Conduct Authority.

The Financial Services Authority says it sees no reason for a lower qualification for simplified advice.