The Financial Services Authority has fined Towry Investment Management £494,000 for providing the FSA with misleading information and for client money breaches.

The Association of Investment Companies has launched an Adviser Centre developed by IFP Fellow Jackie Lockie.

Adviser support specialist and IFP sponsor Parmenion has launched an enhanced risk profiling tool.

Consumers have lost almost £2,500 in savings due to inflation over the past 10 years, according to Yorkshire Building Society.

The Financial Policy Committee has advised that the Financial Services Authority should monitor how banks manage their balance sheets.

Barclays has replaced Lloyds as the most complained about banking brand for the first half of 2011.

LV= has announced a link with Cofunds that will allow investors in the LV= Sipp to access investments on the Cofunds platform.

Aegon has launched its own mobile pension application to help advisers get to grips with pension reforms.

Aberdeen Asset Management saw net outflows of £800m in the two months leading up to 30 August, the company has said.

The Association of British Insurers is encouraging more consumers to shop around for annuities by introducing a compulsory code of practice for insurers.