AXA Wealth is set to launch a restricted advice pricing and service package for those advisers considering restricted status.

Coutts has been fined £8.75m by the Financial Services Authority over failures to establish and maintain anti-money laundering systems.

AXA Wealth, an Institute of Financial Planning sponsor, has reached £4bn in assets on its platform.

Towry has seen its assets under management and revenue growth rise in 2011.

There is less than a month to go until the Institute of Financial Planning Ethics Conference on 26 April.

Gary Shaughnessy, UK managing director of Fidelity, has moved to become the chief executive of Zurich UK Life.

The Financial Ombudsman Service has confirmed its budget for 2012/13 will be £191.1m.

The Financial Policy Committee proposes it should have ‘powers of direction’ over capital requirements and leverage ratios in specific financial services sectors.

Chancellor George Osborne has removed the £1m limit on investment into venture capital trusts in a single company.

Over £2.25bn was paid out by financial services firms in redress during the second half of 2011, mainly due to payment protection insurance, according to the  Financial Services Authority.