Executive chairman of Threadneedle Investments Simon Davies has announced his retirement from the firm.

Some 84 per cent of advisers do not think the re-labelling of the Investment Management Association sectors would help consumers understand risk, according to Skandia.

Towry’s head of risk and compliance left this week, days after the firm was fined £494,000 for giving misleading information to the Financial Services Authority.

Financial services firms have responded to the news that the Bank of England has announced a £75bn increase to its asset purchase programme.

The prestigious Financial Planner of the Year award has been won by Institute of Financial Planning member Matthew Hodge CFP^CM for the third consecutive year.

The Bank of England has increased the size of its asset purchase programme to £275bn.

The Sipp market is set to grow by 15 per cent annually, according to Suffolk Life.

Only five per cent of consumers are aware of the changes being implemented by the RDR.

Financial Planning website developer IFA Systems has been acquired by PracticeWEB.

Social media was a key theme on the final day of the IFP Conference on Wednesday with a popular session by Philip Calvert from IFA Life.