The Financial Services Authority has reduced its annual funding requirement for 2012/13 from £578.4m to £559.8m.

Research by HMRC has found that there is low engagement between consumers and their taxes with just 10 per cent knowing the exact amount of tax they paid.

The Institute of Financial Planning has found only 35 per cent of Paraplanners intend to progress to becoming Financial Planners.

Joe Garner has been appointed by the Financial Services Authority as the new chairman of the Financial Services Practitioner Panel.

Institute of Financial Planning sponsor Prudential has appointed Paul Manduca as its new chairman, replacing Harvey McGrath who will step down on 2 July.

Changes to the personal tax system - combined with falling inflation - will give average earners £482 extra this year, according to Ernst & Young.

The Financial Services Authority has announced it will require all banks, building societies and credit unions to display information explaining deposit guarantee schemes to their customers.

The Government has launched a new tax calculator app to enable people to work out how much tax they pay and how it is spent.

Fidelity has appointed former Aviva Investors UK Funds chief executive John Clougherty as head of UK Retail.

Monetary Policy Committee member David Miles has argued that quantitative easing is still effective and should be expanded despite concerns it had little effect.