Standard Life Investments fund range MyFolio has reached £1bn funds under management after only 16 months.

Small adviser firms should see no increase in their regulatory fees this year, according to the Financial Services Authority.

Think-tank the National Institute of Economic and Social Research has forecast the UK economy will contract by 0.1 per cent this year.

Costs for the Money Advice Service have almost doubled to £87m after it agreed to take on extra responsibility, according to the Financial Services Authority.

Almost 10m tax returns were completed by the deadline, according to HM Revenue and Customs.

The Financial Services Compensation Scheme levy for advisers will be £33m during 2012/13.

Hector Sants, chief executive of the Financial Services Authority, has announced a ‘twin peaks’ model will operate within the FSA from 2 April.

Hector Sants, chief executive of the FSA, has urged firms to  embrace the new FSA supervisory approach.

Over half of consumers who have received advice from an IFA were ‘very confident’ the advice they received was appropriate for their circumstances, according to the FSA.

Institute of Financial Planning sponsor firm Barclays Wealth has conducted a survey into female attitudes to Financial Planning.