The Monetary Policy Committee is divided on whether the Bank of England should undertake further asset purchases.

More than two thirds of consumers support the RDR and say it would make them more likely to seek professional advice.

Sir Nicholas Montagu has been appointed by the Financial Services Authority as the new chairman of the Financial Ombudsman Service.

The Financial Services Authority has taken action against two individuals suspected of providing unauthorised financial advice.

Less than one in ten people would turn to a financial adviser to guide them on financial matters, according to Friends Life.

Almost 90 per cent of advisers expect to remain in business post-RDR, according to the latest Aviva Adviser Barometer.

The number of people who say they are ‘more likely to seek financial advice now than two years ago’ has risen, according to AXA.

Less than a third of people believe a pension plan is the best way to save for retirement.

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