The number of complaints by third parties to the Financial Ombudsman Service has risen to half.

Capita Financial Software is developing an “on-off” platform comparison service as part of its Synaptic Comparator tool.

The first payments have begun for Equitable Life policyholders today as part of a three year programme of compensation.

HSBC is to cut 460 financial planning managers from its staff due to the expected outcomes of the RDR.

Advisory service Bluefin has closed down its Newcastle wealth management offices.

Lloyds Banking Group has outlined plans to become the primary wealth adviser in the UK.

Sipp company AJ Bell has announced a new investment Isa and dealing account on its Sippcentre platform.

The Bank of England announced today that it was holding its base rate at 0.5 per cent for the 28th consecutive month.

AXA Elevate has announced a new partnership with Sipp provider Hornbuckle Mitchell.

Aegon Asset Management is to rebrand as Kames Capital from 1 September.