Investments complaints are declining but complaints about the riskiness of investments still remain, according to the Financial Ombudsman Service.

The Financial Services Authority is standing firm over its decision on simplified advice.

Aberdeen Asset Management held its third Adviser Intelligence session, in association with the Institute of Financial Planning, in London on 29 March.

HM Revenue and Customs has launched a tax academy to offer its trainee staff degrees accredited by Manchester Metropolitan University.

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.

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

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

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